OpenAI says Elon Musk’s takeover bid contradicts his lawsuit against it

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Billionaire Elon Musk‘s bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private gain, OpenAI wrote in a letter it submitted to a federal court on Wednesday.

On Monday, a consortium of investors led by Elon Musk offered $97.4 billion to buy the assets of OpenAI’s nonprofit, in another salvo from the world’s richest man against the artificial intelligence startup.

Musk sued OpenAI CEO Sam Altman and others in August and has asked a US district judge to block…



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OpenAI says Elon Musk’s takeover bid contradicts his lawsuit against it


Billionaire Elon Musk‘s bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private gain, OpenAI wrote in a letter it submitted to a federal court on Wednesday.

On Monday, a consortium of investors led by Elon Musk offered $97.4 billion to buy the assets of OpenAI’s nonprofit, in another salvo from the world’s richest man against the artificial intelligence startup.

Musk sued OpenAI CEO Sam Altman and others in August and has asked a US district judge to block…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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