Brand New Membership Level: Benzinga Trade Alerts A group of investors led by the world's richest person Elon Musk has made a $97.4-billion offer to acquire control of OpenAI, the nonprofit AI giant Musk once co-founded. What Happened: Musk, who has sued OpenAI as the company attempts to transition to a for-profit structure, previously founded the company with Sam Altman, Greg Brockman and several other individuals. Musk put in capital to the company before leaving in 2018 over a disagreement regarding its direction. The Wall Street Journal reports Monday that Musk is leading a group bidding $97.4-billion to take control of the nonprofit that controls OpenAI. "It's time for OpenAI to return to the open-source, safety-focused force for good it once was," Musk said in a statement provided by his attorney Marc Toberoff. “We will make sure that happens." Toberoff told the Wall Street Journal the bid for the nonprofit that controls OpenAI was submitted to OpenAI's board of directors Monday. After Musk left, the company created a for-profit subsidiary that helped the company raise money from other investors including Microsoft Corporation MSFT . Altman is pushing to make OpenAI a for-profit company, which could give him an opportunity for an equity stake in the company and increase his wealth. Among the investors in the bid for OpenAI control include Musk's AI company xAI, Valor Equity Partners, Vy Capital, 8VC, Baron Capital and Atreides Management. Altman appeared to dismiss the buyout offer in a tweet Monday. “No thank you but we will buy twitter for $9.74 billion if you want,” Altman tweeted.