OpenAI’s board of directors is questioning a $97.4 billion bid led by Elon Musk to gain control of the company, sparking a legal battle between Musk and OpenAI’s CEO, Sam Altman. The bid contradicts legal claims made by Musk in a lawsuit against OpenAI, leading the company to accuse him of hypocrisy. The board has not yet rejected the bid, but Musk’s lawyer stated that if OpenAI agrees to keep its assets with the nonprofit, the bid will be withdrawn.
The bid complicates Altman’s plan to shift control of the company to investors, including Microsoft and Thrive Capital, as well as a $40 billion fundraising deal led by SoftBank. The bid also seeks to set a value for the nonprofit’s assets, potentially making it more expensive for OpenAI’s for-profit arm to gain independence.
Under pressure to change its operations, OpenAI must shift control away from the nonprofit within two years. This move comes after a tumultuous history between Musk and Altman, starting as partners in founding OpenAI and later culminating in legal battles over control and management structure changes.
The bid from Musk and others represents the latest chapter in a personal feud between Musk and Altman, who are former partners turned rivals vying for control of OpenAI and its potential for profitable AI technologies. The outcome of this confrontation will likely shape the future of the company and the direction of artificial intelligence development.
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