Musk's $97.4B OpenAI buyout letter reveals 5 key details
Elon Musk's investor group just revealed the full terms of its unsolicited $97.4B all-cash bid to buy OpenAI. The offer expires on May 10, 2025, requires complete access to internal records and staff, and promises to withdraw if OpenAI cancels its for-profit conversion. Why it matters: The bid aggressively forces OpenAI to defend its nonprofit assets or face intense public scrutiny.