Openai says it will “reject Elon Musk’s bid” unanimously from the board of directors
Openai’s board of directors “unanimously” rejected the offer of billionaire Elon Musk, who would buy a nonprofit that effectively governs Openai, the company said Friday.
in statement The bid for X, Bret Taylor, board chairs and masks shared on X’s Openai press account is called “an attempt to disrupt his competition.”
“Openai is not on sale. The board unanimously rejected its latest attempt to disrupt Musk’s competition,” Taylor said. “Openai’s potential reorganization strengthens nonprofits and their mission, ensuring that (artificial general information) benefits all humanity.”
New York Times It has been reported The Openai also wrote to Musk’s attorney, Marc Toberoff, who said the bid was “not in the best interests of (Openai’s) mission.”
On Monday, Musk, his AI company, Xai, and the group Investors It offered to buy Openai’s nonprofit for $97.4 billion. Openai CEO Sam Altman and the company’s board of directors Quickly – officially – rejected an unsolicited proposal. in statementAndy Nussbaum, a lawyer representing Openai’s board, said Musk’s bid “does not set the value of (Openai’s) nonprofits” and “not for sale.” .
Openai co-founder Musk filed a lawsuit against the company and Altman last year, claiming Openai is engaged in anti-competitive behavior and fraud.
Openai was founded as a nonprofit organization in 2019 before moving to a “capped for-profit” structure. The nonprofit is the sole control shareholder of Capped-Profit Openai Corporation, which maintains formal fiduciary responsibility for the nonprofit’s charter. Openai is currently in the process of restructuring. This time, we will be focusing on traditional commercial companies, especially public benefits corporations. However, Musk is trying to ban conversion through lawsuits.
In court filings Wednesday, Musk’s lawyers said the billionaire I’ll withdraw his bid If Openai’s board of directors “Saving the Mission of Charities” and Openai ceases to convert to commercial purposes. in Submit early on the same dayOpenry’s lawyers contradict the contradiction of “inappropriate bids to undermine competitors” and his position in the court that the transfer of startup assets through restructuring violates its mission as a charitable trust. It called for a mask move to control the company.
Musk’s allies and Altman traded the blow in bids this week. in Podcast interview On Thursday, Ali Emmanuel was one of the supporters of mask offers to open eye nonprofits, called “fake” “they are trying to flee the charity and its original mission.” Altman It is characterized He bids as Musk’s “attempt to slow down (open) down,” saying that Musk’s life is “from an uncertainty position.”