Elon Musk is leading a group of investors in a $97.4 billion offer to purchase the nonprofit that controls OpenAI – the makers of ChatGPT, – and which Musk was an original investor in. On Monday, Musk’s attorney Marc Toberoff said he submitted the bid to OpenAI’s board of directors in an unsolicited offer that could upend OpenAI CEO Sam Altman’s plans to convert it into a for-profit company, as well as plans to spend up to $500 billion on AI infrastructure through the so-called ‘Stargate’ joint venture, WSJ reports. “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 Toberoff. “We will make sure that happens.” Altman and Musk co-founded OpenAI in 2015 as a charity. In 2019, after Musk left the company and Altman became chief executive, OpenAI created a for-profit subsidiary that has served as a vehicle for it to raise money from Microsoft and other investors. Altman is in the process of turning the subsidiary into a traditional company and spinning out the nonprofit, which would own equity in the new for-profit. One of the thorniest questions in the conversion has been how the nonprofit will be valued. […]