Musk sets new demands to waive billion bid

Elon Musk promises to withdraw his multi-billion bid on the company OpenAI. However, only if the company decides to abandon its plans to become a profit-driven company.

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Musk sets new demands to waive billion bid
Photo: Alex Brandon/AP/TT

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This emerges from documents that CNBC has taken part in after Musk earlier in the week submitted a bid of staggering 97.4 billion dollars for OpenAI.

The company with CEO Sam Altman is currently non-profit. However, since 2019, they have also been running a subsidiary that is allowed to make a limited profit, which can be used for investment purposes. The company is involved in a lawsuit in the state of California, where the intention is to separate the two operations and, in that case, become a more traditional profit-driven business.

Musk, in turn, was involved in founding the company together with, among others, Sam Altman, and then as a "non-profit research organization". Since then, the two business profiles have ended up in a war of words, where, among other things, Musk's billion-dollar bid has been met with a cold shoulder by Sam Altman, who has called it an "attempt to slow down a competitor".

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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