Elon Musk says that if the board does this, it will remove Openai bids: Report
Ray Wang, founder of Constellation Research, explains how Elon Musk and Openai’s Sam Altman battle began to “make money.”
Elon Musk According to the report, if the board suspends the company’s conversion to a for-profit company, and if the board suspends the company’s conversion, it will withdraw an unsolicited $97.4 billion bid to take over OpenAI.
development Reported by the Wall Street Journal After Openai CEO Sam Altman rejected Musk’s offer earlier this week, SpaceX and Tesla CEOs say they are “probably trying to slow us down,” and Openai, the maker of ChatGpt, is not on sale .
“If (The) Openai Committee stipulates that the charity’s mission and adopt a “sales” sign by halting conversions, Musk wrote in court on Wednesday, saying that he wrote in court on Wednesday. I wrote it. newspaper.
Both Musk and Altman launched Openai as a charity in 2015. When Musk left, Altman became CEO and the company established a for-profit subsidiary to raise funds from investors and Microsoft. Currently, Altman is trying to turn its subsidiary into a traditional company, the Wall Street Journal reported.
Altman says Musk is “trying to slow us down”, openai is not on sale
Openai CEO Sam Altman (left) refused to bids from SpaceX and Tesla CEO Elon Musk to the right and bought the company. (Shawn Gallup/Andrew Harnik/Getty Images/Getty Images)
“It’s time now Go to Openai Musk reportedly said in a statement when he began his bid.
Musk was a co-founder of Openai, but in 2018 he was unable to convince other leaders to take charge of commercial Openai entities or to convince the company to merge with Tesla, causing him to cut ties with the company. Ta.
“Look, Openai is not on sale,” Altman told Bloomberg on a bystander at the AI Action Summit in Paris on Tuesday. “Elon has been trying all sorts of things for a long time. This is this week’s episode.”
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Open AI CEO Sam Altman will speak at “Transforming Business Business Business Business Business Business Business Business Business Business Business Business Business Business on February 3rd with Softbank Group CEO Masayoshi Son. (Tomohiro Osumi / Getty Images / Getty Images)
“I think he’s probably just trying to slow us down. He’s clearly a competitor. He’s working hard to raise a lot of money for (his startup) Xai, and they is trying to compete with us. Technical perspective I hope he will put his product in the market and compete by building a better product, but I think there have been a lot of tactics. .
“No matter what, nonprofits continue to be extremely important and will continue to drive and exist. The board is considering many options for the best structure for this next phase. But the nonprofits aren’t changing or going anywhere,” Altman continued.
In December, Openai said on its website, “The Board of Directors evaluated our corporate structure to maximize its mission to benefit all humanity, with artificial general information (AGI) in order to benefit all humanity. “The best commercial structure for long-term success of the mission will make nonprofits sustainable and equip each arm with its role.”
Elon Musk (left), Sam Altman will be seen together on stage during an event held at the Vanity Fair New Stummit in San Francisco, California in October 2015. (Michael Kovac / Getty Images for Vanity Fair / Getty Images)
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Altman also responded to Musk’s offer on X, saying, “Thank you, but I can buy Twitter if I want to for $9.74 billion.”
Greg Wehner of Fox Business contributed to this report.