The $97.4 billion bid muddles up Sam Altman’s quest to convert the ChatGPT-maker into a for-profit company.

Sam Altman is pushing back on an unsolicited bid made by Elon Musk and a group of investors to buy the nonprofit that controls OpenAI. The $97.4 billion bid, made by Musk's AI company, xAI, and backed by several investment firms, deepens the ongoing battle between Musk and Altman over OpenAI, which they co-founded in 2015.

Last March, Musk filed a lawsuit claiming OpenAI, a global leader in artificial intelligence innovation which has developed the ChatGPT chatbot, DALL-E image generator and other advanced AI-driven tools, breached promises made in its founding documents and prioritizes profit motive over serving the public good.