Musk’s $97.4 Billion OpenAI Bid Piles Pressure on Sam Altman

Elon Musk’s offer for the assets of OpenAI could end up costing Sam Altman, whether he takes it or not. 

For months, the OpenAI chief executive has been working with investors to determine how to fairly compensate the nonprofit that currently controls the company as part of a plan to spin it out and make the ChatGPT developer a for-profit venture.

Musk’s $97.4 billion offer, with the backing of a consortium of investors, could force OpenAI’s board of directors to reassess how it is valuing the nonprofit, which the board has said will be fairly compensated in the transaction and own a stake in the for-profit.