A consortium of investors led by Tesla (TSLA) CEO Elon Musk is offering $97.4B to buy the nonprofit that controls OpenAI, the company behind ChatGPT. Musk’s attorney, Marc Toberoff, said he submitted the bid to OpenAI’s board of directors Monday, according to The Wall Street Journal. “It’s time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens,” Musk is quoted as having said in a statement provided by Toberoff. In 2019, after Musk left the company and Sam Altman became chief executive, OpenAI created a for-profit subsidiary that has served as a vehicle for it to raise money from Microsoft (MSFT) and other investors, the report noted.
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