OpenAi Board of Directors Refuses Offer by Elon Musk

by Andrea
0 comments
OpenAi Board of Directors Refuses Offer by Elon Musk

The board’s decision reiterates the statement of OpenAi’s executive director Sam Altman, who said the company “was not on sale on Monday.”

The Board of Directors of He announced that he unanimously rejected Elon Musk’s offer to buy the artificial intelligence company for $ 97.4 billion (93.4 billion euros).

“Openai is not for sale and the council unanimously rejected Mr. Musk’s last attempt to disturb the competition,” Bret Taylor’s chairman, said on Friday.

The decision of the board, published on social network X, owned by Elon Musk, reiterates the declaration of the which on Monday said the company “was not for sale”.

On Wednesday, Elon Musk had threatened to withdraw the proposal for the purchase of OpenAi, in case the board prevents it from conversion in a profitable company, the tycoon said.

“If OpenAi’s Board of Directors is prepared to preserve the mission of the charity institution […] Musk will withdraw the offer, “the Magnata lawyers said in a lawsuit presented in the state of California on Wednesday.

On Monday, it was reported that the owner of Tesla and a group of investors had made the offer, to which OpenAi CEO Sam Altman responded with “no, thank you.”

“It is at the time of OpenAi to be the open and security -centered force that has already been,” said Musk, in a statement provided by his lawyer when the offer.

Offer complicates future planes

According to the Wall Street Journal, the unquited offer complicated Altman’s plans to the future of OpenAi, including its conversion in a profitable company and investing in an investment of up to $ 500 billion (476 billion euros ) Artificial Intelligence Infrastructure (AI) for the US through a ‘joint venture’, also involving Oracle and Softbank, called Stargate.

In the legal document presented on Wednesday, Musk accused the company of maintaining its technology with a closed code to remain “in the hands of Microsoft.”

Microsoft uses OpenAi technology to feed its AI by 2023, the technology giant invested 12.46 billion euros in exchange for a 49% share of OpenAi’s for -profit division profits.

source

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC