In a recent turn of events, OpenAI’s board of directors has rejected a massive bid of $97.4 billion from Elon Musk and a group of investors to take control of the artificial intelligence company. The rejection deepens the longstanding feud between Mr. Musk and OpenAI’s chief executive, Sam Altman.
Bret Taylor, the chairman of the OpenAI board, stated that the company is not for sale and unanimously rejected Mr. Musk’s attempt to disrupt the competition. OpenAI also sent a letter to Mr. Musk’s lawyer, citing that the bid was not in the best interests of OpenAI’s mission.
This rejection comes after Mr. Musk and other investors made the $97.4 billion offer on Monday for the assets of the nonprofit that controls OpenAI. This bid was seen as Mr. Musk meddling in a plan by Mr. Altman to change OpenAI’s corporate structure by transferring control from the nonprofit to the company’s investors, including Microsoft.
Mr. Musk and Mr. Altman have a history of conflict, with Mr. Musk leaving OpenAI in 2018 after a battle for control. Since then, Mr. Altman has worked on a plan to shift control from the nonprofit to the investors. Mr. Musk’s bid complicates this plan.
The New York Times has also sued OpenAI and Microsoft for alleged copyright infringement related to A.I. systems, which both companies have denied. The situation is ongoing, and updates will be provided as the story develops.
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