San Francisco – Openai says its board of directors unanimously rejected a buy -in offer of $ 97.4 billion from Elon Musk.
What you need to know
- OPENAI claims that its board of directors unanimously rejected a redemption offer of $ 97.4 billion from Elon Musk
- Bret Taylor, Chairman of the Board of Directors of Openai, says that Optai is not for sale and that the board of directors unanimously rejected the “last attempt by Musk to disturb his competition”
- Openai’s lawyer William Savitt, in a letter to Musk’s lawyer, said that the proposal “was not in the best interest of OAI’s mission and was rejected”
- Musk, a first Openai investor, started a legal offensive against the Chatpt manufacturer almost a year ago
“OPENAI is not for sale, and the board of directors unanimously rejected Mr. Musk’s last attempt to disrupt his competitions,” a statement from Bret Taylor, Chairman of the Board of Directors on Friday ‘OPENAI.
Openai’s lawyer William Savitt, in a letter to Musk’s lawyer, said that the proposal “was not in the interest of OAI’s mission and was rejected”.
Musk, a first Openai investor, began a legal offensive against the Chatgpt manufacturer almost a year ago, continuing for breach of what he said is the betrayal of his founding objectives as ‘non -profit organization that he helped to found a decade ago.
Then Monday, while this case was still awaiting a key decision, Musk and its own IA, XAI startup, and a group of investment companies announced an offer to buy the non -profit organization that controls OpenAi. Musk in a judicial file Wednesday expanded the proposal to acquire the participation of control of the non -profit organization in the for -profit Openai subsidiary.
Friday, the letter from Savitt said that the deposit added “new material conditions to the proposal. Following this deposit, it is now obvious that the very publicized” submission “of your customers is not in fact A whole offer. ” Anyway, “even if presented for the first time”, the board of directors rejected it unanimously, said Savitt.
Musk allegedly allegedly in the trial that companies violated the terms of its fundamental contributions to the charitable organization. Musk had invested around $ 45 million in the startup of its foundation until 2018, said its lawyer.
It intensified the legal dispute at the end of last year, adding new complaints and defendants, including the OpenAi trading partner, Microsoft, and requesting an order from the court which would stop the plans of Openai to convert more fully in a profitable company. Musk also added XAI as a applicant, saying that Optai was also unfairly suffocating the commercial competition. A judge still plans to apply for musk, but expressed his skepticism about some of his complaints during a court hearing last week.