Elon Musk has announced that if a Sam Altman-led company agrees to suspend its plan to restructure from nonprofits to for-profits, it will be the unsolicited $97.4 billion in order to take over Openai, according to court records. He said he would remove the bid.
Musk's lawyers outlined his position, filed on Wednesday by the Xai owners as part of a federal lawsuit against Openai, Altman and others. Musk also asked a federal judge to suspend plans for Openry's restructuring through a temporary injunction.
“If the board of directors of Openai, Inc. is prepared to maintain its charity mission and stipulate that it adopts a “sales” sign by halting conversions, Musk will withdraw its bid.” Filing said.
A shocking bid from Musk and a group of blue chip investors marked the escalation of a long-term legal war with Openai, which he co-founded in 2015 but ended after a disagreement with Altman. did.
There is also a major headache from Openai's restructuring plan. This was already considered complicated due to the strange corporate structure overseeing the company by nonprofit committees. Openai said that the nonprofit will continue to exist but will not be in charge.
Openai allegedly in a separate submission that Musk's shocking revenue bid would “further expose” the request for a preliminary injunction “as an inappropriate bid to undermine its competitors.”
Musk's Xai competes directly with Openai.
Openai's lawyers also argue that Musk's offer to buy the company is inconsistent with the original premise of his case.
“In this court, Musk argues that Openai Inc.'s assets cannot be “transferred” for “private interest.” However, outside of court, these constraints clearly do not apply. “Filing said.
“Musk has transferred all of his assets to him for his financial interests and his competing AI business and hand-picked private investors.”
The Musk lawsuit filed last year was named as co-defendants such as Openai, Altman, Key Investor Microsoft and billionaire Reid Hoffman.
The lawsuit alleges that Openai has abandoned its original goal of developing AI to benefit humanity and transformed it from a “tax-free charity to $157 billion for profit, market mining gorgon.”
Musk also argues that he will suffer irreparable harm unless the judge grants an injunction to halt Openai's plan for restructuring.
U.S. District Judge Yvonne Gonzalez Rogers, who oversees the lawsuit, is called Musk's allegations about irreparable harm, but allows the proceedings to go to trial as long as Musk appears to be testifying. He said that. The judge has not yet controlled the injunction.
Musk's shocking $9.4 billion bids include funding from well-known ventures such as Joe Lonsdale's 8VC, Valor Equity Partners, Baron Capital, Atreides Management and Vy Capital, and Endeavor CEO Ari Emanuel. Masu.
Musk's lawyer said his startup Xai could merge with Openai if a deal occurs.
Altman also rejected the offer altogether while stating that Openai was “not for sale.” He also personally blows up the mask, telling Bloomberg that “his life comes from a position of anxiety,” and saying he doesn't think it's a “happy person.”
“He's clearly a competitor,” Altman added. “I hope he competes by building a better product, but I think there were a lot of tactics, a lot of lot of lawsuits, all sorts of other crazy stuff.”
