Musk says he will pull bid if OpenAI remains a nonprofit

Unsolicited offer has complicated Sam Altman’s plans for the ChatGPT maker’s future

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Elon Musk said he would withdraw his $97.4 billion bid for the nonprofit that controls OpenAI if the board stopped its conversion to a for-profit company.

“If [the] OpenAI board is prepared to preserve the charity’s mission and stipulate to take the ‘for sale’ sign off its assets by halting its conversion, Musk will withdraw the bid,” lawyers for Musk said in a court filing Wednesday.

The bid for control of the ChatGPT maker, which was launched by a Musk-led consortium Monday, was flatly rejected by OpenAI Chief Executive Sam Altman.

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