Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company.

Elon Musk and OpenAI CEO Sam Altman collaborated to start the company several years ago and have been involved in a dispute over how the startup should be run.

OpenAI CEO Sam Altman and Elon Musk sparred publicly Monday after the Wall Street Journal reported that Musk and other investors have fielded a $97.4 billion offer to take control of the AI giant. The Journal published a story on the deal Monday.

PARIS (AP) — OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman’s push to transform the maker of ChatGPT into a for-profit company.

Open AI CEO Sam Altman rejects rival co-founder Elon Musk's $97.4 billion takeover bid. Here's what to know about OpenAI and what is ChatGPT

OpenAI Chief Executive Officer Sam Altman rebuffed Elon Musk’s $97.4 billion offer to take control of the artificial-intelligence startup for the second time in less than a day, accusing the world’s richest man of making the bid just to gain a competitive advantage.

Sam Altman asked a federal judge to take a look at the February 10 letter Elon Musk sent OpenAI in a bid to take over the company.