This marks Musk’s latest move to block OpenAI’s shift to a for-profit structure. Musk co-founded OpenAI with Sam Altman in 2015 as a nonprofit but left before it gained traction. In 2023, he launched xAI, a direct competitor in the AI space. OpenAI argues that a for-profit structure is necessary to secure the funding to advance its AI technology.

Elon Musk and a group of investors offered more than $97 billion to buy the nonprofit that controls the artificial intelligence giant OpenAI, the company behind ChatGPT, on Monday. The bid, first reported by The Wall Street Journal,

A group of investors led by Elon Musk says it is offering $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found.