Elon Musk’s all-cash bid for startup undercuts legal attack, says OpenAI

Elon Musk’s all-cash bid to buy OpenAI debunks arguments he’s making in court that the artificial intelligence startup’s assets cannot be “transferred away” for “private gain,” lawyers for the maker of ChatGPT and chief executive officer Sam Altman said in a court filing.

The unsolicited Feb. 10 offer by Musk and a coalition of deep-pocketed investors to acquire OpenAI for $97.4 billion shows that his request for a court order immediately blocking OpenAI’s conversion to a for-profit business is “an improper bid to undermine a competitor,” according to the filing Wednesday in federal court in Oakland, California.