OAI's fiduciary duty is to their charitable mission. If selling to Elon for $97b jeopardizes the mission, then so would selling to preferred investors for $40b

OAI's fiduciary duty is to their charitable mission. If selling to Elon for $97b jeopardizes the mission, then so would selling to preferred investors for $40b (as they would in turn face immense pressure by shareholders to realize an instant $57b gain by reselling to Musk!) That's what this whole thing is about. Musk's offer will probably not be accepted, and he knows it. The purpose is to throw a wrench in OAI's plan to sell to insiders at a heavy discount, possibly making it impossible for the nonprofit to become a for-profit. If this offer forces the preferred investments to cough up an extra $60b for the nonprofit, that's fantastic for the nonprofit mission.