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Musk says he'll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit

Feb 13, 2025
Elon Musk wants to buy a company called OpenAI. This company helps create smart computer programs, like the chatbots that can talk to you! Musk offered a lot of money, about 97.4 billion dollars! But he has a big condition. He wants OpenAI to stay a charity, not become a business that makes money. Musk thinks helping people is very important. He wants OpenAI to do research to help everyone. He believes that if they stay a nonprofit, they can help make safe and good technology. But the people who run OpenAI, like Sam Altman, said they don’t want to sell. They want to keep doing what they’re doing. Musk has a company called xAI. He and some friends want to change OpenAI back into a charity. They think it is better for everyone if OpenAI does not try to make a profit. This all started because Musk was one of the first people to help start OpenAI. He worked there but left the board a few years ago. Now, Musk and Altman don’t always agree on how to run OpenAI. They’ve had a bit of a fight about it for a long time. So, Musk says if OpenAI doesn’t agree to stay a charity, he won’t buy it. He wants to buy it because he cares about making sure the technology helps everyone and not just make money. It’s a big discussion! This shows how important technology and helping people can be. Musk wants everyone to benefit from smart technology and not just a few people. Let’s see what happens next in this story!

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