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OpenAI: Elon Musk Offers to Withdraw $97.4 Billion Bid If For-Profit Transition is Paused

OPENAI: Elon Musk offers to withdraw $ 97.4 billion in supply if the for -profit transition is interrupted

Tesla CEO Elon Musk said he would retract his acquisition offer of $ 97.4 billion for OpenAi’s non -profit arm if the Chatgpt manufacturer ceases his transition to a for -profit entity .

This ultimatum was described in a legal file submitted Wednesday to the American district court in the North District of California.

Part of the classification can be read,

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“If Openal, the Board of Directors is ready to preserve the mission of the charitable organization and to stipulate to contest the sale to sell its assets by stopping its conversion, Musk will remove the offer”, “ Read the file, which was submitted Wednesday in the United States: the district court of the North District of California.

Remember that Musk earlier this week, as well as his artificial intelligence company XAI and an investor consortium, launched an offer to acquire Openai’s non-profit arm for $ 97.4 billion, accusing The company and its CEO Sam Altman to abandon its initial mission to develop AI for charity but pursuing profits instead.

Altman, however, rejected Musk’s proposal, telling CNBC that he considers the offer as an attempt to bother Openai’s progress.

In a response to Musk’s offer, he wrote,

“No thank you but we will buy Twitter for $ 9.74 billion if you wish.”

Musk responded to his tweet by describing him as a “crook”.

Background

Musk, an Openai co -founder who finally left filed a certain number of legal complaints Against Openai, claiming that the IA company and its management distorted Openai as a philanthropy.

Musk also accused the company of engaging in a racketeering. Meanwhile, Openai accused Tesla CEO of being essentially jealous that he was no longer involved in the startup after leaving Openai in 2018 following an unsuccessful attempt to convince his colleagues co-founders to let Tesla acquire it.

OPENAI via an article on his website, published receipts, countering Musk’s claims by declaring that Tesla CEO not only wanted, but has created a lucrative goal as a new structure proposed by Openai.

“When he did not obtain equity and total control, he moved away and told us that we would fail. Now that Openai is the main research laboratory on AI and Elon manages a competing AI company, he asks the court to prevent us from effectively pursering our mission “,” Part of the blog reads.

OPENAI is operated by a non -profit organization which controls an entity called OPENAI LP, a for -profit company that exists in the structure of the largest company. This for -profit company has taken Openai not to be worth an assessment of around $ 100 billion in a few years and Altman is widely credited like the brain of this plan and the key to the success of the company.

Musk Lance Xai to compete with Openai

Two years ago, Musk launched his XAI artificial intelligence startup, revealing a team made up of engineers from American technological companies which he hopes to contest in his attempt to build an alternative to Chatgpt.

Musk, who targeted the “woken spirit virus” in society, has since accused the Chatbot Chatgpt of Openai, of being biased in favor of left and politically correct opinions.

In an interview with the former Fox News animator, Tucker Carlson, he revealed that his chatbot grok would be a “maximum truth of truth which tries to understand the nature of the universe”.

In all of this, Openal has not yet publicly responded to the Musk’s legal file. However, Altman had previously declared that the The company’s transition to a for -profit public service company should go up to two years, which is necessary to set up operations and attract long -term investments.

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