Elon Musk says he’ll withdraw $97.4 billion bid for OpenAI if ChatGPT maker remains nonprofit xAI, Valor Equity Partners, Sequoia Capital and Andreessen Horowitz did not immediately respond to Reuters' requests for comment. The billionaire's startup is looking to increase its footprint in the AI industry by expanding its capacity of data centers. Musk, who launched xAI in 2023, has sued OpenAI to block its conversion to a public benefit corporation. Earlier this week, a consortium led by the world's richest person made an offer of $97.4 billion to buy the nonprofit that controls OpenAI. The AI startup raised $6 billion in series B funding announced last year, reaching a post-money valuation of $24 billion. Published