Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”

Elon Musk said he'll withdraw his $97.4 billion bid to buy OpenAI if the ChatGPT maker stops trying to become a for-profit company.

A recent report revealed that a consortium led by Elon Musk had placed a $97.4 billion bid on OpenAI. According to OpenAI’s CEO Sam Altman, it seems that the company has no intention of entertaining the bid.

More than a dozen states filed a lawsuit against Elon Musk and his Department of Government Efficiency, writing that the billionaire’s ideologically driven purge of the federal government is causing “chaos” throughout the nation and is in direct violation of the U.

The company said that other parts of its business can benefit from efficiency initiatives after Musk pointed out how it processes retirement applications.