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.

Musk and the consortium made the $97.4 billion offer to buy the nonprofit that controls OpenAI, writes the Wall Street Journal. The group wants all of

The operation, which involves a group of investors led by the tech tycoon, comes months after he sued to prevent the company from transitioning to a for-profit