Musk, Altman Spar Over $97.4 Billion OpenAI Bid in Court Filings

The public showdown between Elon Musk and OpenAI Chief Executive Officer Sam Altman over Musk’s $97.4 billion bid for the artificial intelligence startup is heating up in court.

In a filing Wednesday, Altman said Musk’s all-cash offer undermines the very claim at the heart of his lawsuit against OpenAI — that its assets can’t be “transferred away” for “private gain.” The world’s richest person has sued Altman to thwart OpenAI’s plan to convert to a for-profit entity.

Musk fired back at Altman with his own filing, saying he would drop his bid for OpenAI altogether if the startup remained a ...