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OpenAI ’s board of directors has “ nemine contradicente ” rejected billionaire Elon Musk ’s go to grease one’s palms the non-profit-making that effectively governs OpenAI , the caller said on Friday .
In astatementshared via OpenAI ’s printing press account on X , Bret Taylor , board chair , bid Musk ’s dictation “ an attempt to disrupt his competition . ”
“ OpenAI is not for sale , and the circuit board has unanimously rejected Mr. Musk ’s latest attempt to cut off his contender , ” Taylor said . “ Any potential reorganization of OpenAI will strengthen our non-profit-making and its mission to secure [ artificial world-wide intelligence service ] profit all of humanity . ”
The New York Timesreportedthat OpenAI also sent a letter to Musk ’s lawyer , Marc Toberoff , suppose that the bid was “ not in the good pastime of [ OpenAI ’s ] mission . ”
On Monday , Musk , his AI company , xAI , and a grouping ofinvestorsoffered to buy OpenAI ’s nonprofit for $ 97.4 billion . OpenAI CEO Sam Altman and the company ’s board of directorsquickly — but not formally — give the sack the unsolicited proposal . In astatement , Andy Nussbaum , the counselling stage OpenAI ’s board , said Musk ’s bid “ does n’t set a time value for [ OpenAI ’s ] non-profit-making ” and that the nonprofit is “ not for sales event . ”
Musk , an OpenAI co - founder , last year brought a lawsuit against the company and Altman that alleges that OpenAI lock in anticompetitive behavior and fraud , among other offense .
OpenAI was founded as a nonprofit organization before it transition to a “ cap - profit ” structure in 2019 . The non-profit-making is the exclusive controlling shareowner of the capped - net profit OpenAI corporation , which hold courtly fiducial responsibility to the nonprofit ’s charter . OpenAI is now in the appendage of restructuring — this time to a traditional for - profit companionship , specifically a public benefit corporation . But Musk , via the case , is seeking to order the conversion .
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In a court filing on Wednesday , lawyers for Musk said the billionairewill withdraw his bidif OpenAI ’s board “ preserve[s ] the charity ’s mission ” and stop OpenAI ’s transition to a for - profit . In afiling in the beginning the same twenty-four hours , attorneys for OpenAI scream Musk ’s move to take control of the company “ an improper bidding to undermine a competitor , ” and a contradiction of his berth in court that a conveyance of the inauguration ’s assets through restructuring would breach its commission as a charitable trust .
Musk ’s allies and Altman have trade shock over the bid this week . Ina podcast interviewon Thursday , Ari Emanuel , one of the backers of Musk ’s whirl for the OpenAI not-for-profit , called Altman a “ phony ” who is “ taste to get away with wander the Polemonium van-bruntiae and its original mission . ” Altmanhas characterizedMusk ’s dictation as “ an attempt to slow [ OpenAI ] down , ” and quipped that Musk ’s life is “ from a position of insecurity . ”
