NEWSLETTER
Elon Musk said in a court that presents Wednesday night that he would withdraw its offer of $ 97.4 billion to control OpenAi if the company left a long data effort to change its corporate structure.
Mr. Musk and an investor consortium had offered Monday to buy the assets of the non -profit organization that Openai controls, climbing a dispute between years between Mr. Musk and the executive director of OpenI, Sam Altman, about the future of artificial intelligence. Mr. Altman is in the midst of changing Openai's corporate structure by changing the company's control from the non -profit organization to OpenAI investors, including Microsoft.
Two days later, the Board of Directors of OpenAI questioned the justification of the offer and accused Mr. Musk of Hypocrisy. In a matter of hours, Mr. Musk's legal team responded with the new presentation of the court saying that they would launch the offer if the OpenAI board of directors agreed to preserve the mission of the non -profit organization and “take the” monitoring “of its assets”.
The dispute between Mr. Musk and Mr. Altman is deeply personal. Mr. Musk helped Found Operai as a non -profit organization in 2015, together with Mr. Altman and others. When Mr. Musk left the organization in 2018 after a battle for control, Altman attached Openai to a profit company to be able to collect the large amounts of money necessary to build artificial intelligence technologies.
The non -profit organization retained the control of the company. Last year, Mr. Altman and his colleagues began working in a plan to change the control of the company of the non -profit organization to Openai investors. Mr. Musk's offer could complicate that plan.
To separate OpenAI from the non -profit board, Mr. Altman and his colleagues must provide compensation. Operai could pay a non -profit rate, for example, or give a minority participation in the company.
But the assets of the non -profit organization have not been given a value. Mr. Musk is trying to establish one with his offer, which could mean that Openai's profit arm would have to spend more to obtain the independence of the non -profit organization.
It is unlikely that Operai will drop his plan to separate from the non -profit organization. According to the terms of your last investment round, you must remove control of the company from the non -profit organization in less than two years. Otherwise, its financing will become debt, according to the documents reviewed by the New York Times.
Mr. Musk is also demanding OpenAi to try to block his plans to restructure.
Operai is currently working to complete a fund collection agreement of $ 40 billion that would almost double its assessment of only four months ago to around $ 300 billion.
(The Times has sued Openai and Microsoft, claiming the violation of the copyright of the news content related to ai systems. The two companies have denied the claims of the demand).
(Tagstotranslate) OpenAi labs
