OpenAI rejects Elon Musk’s bid for control of the company

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OpenAI‘s board of directors rejected a $97.4 billion bid from Elon Musk and a consortium of investors on Friday to take control of the artificial intelligence company.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk‘s latest attempt to disrupt his competition. Any potential reorganisation of OpenAI will strengthen our non-profit and its mission to ensure AGI benefits all of humanity,” said Bret Taylor, chair of the OpenAI board.

Marc Toberoff, Elon Musk’s lawyer, had sent the offer to purchase OpenAI’s assets by email on…



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OpenAI rejects Elon Musk’s bid for control of the company


OpenAI‘s board of directors rejected a $97.4 billion bid from Elon Musk and a consortium of investors on Friday to take control of the artificial intelligence company.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk‘s latest attempt to disrupt his competition. Any potential reorganisation of OpenAI will strengthen our non-profit and its mission to ensure AGI benefits all of humanity,” said Bret Taylor, chair of the OpenAI board.

Marc Toberoff, Elon Musk’s lawyer, had sent the offer to purchase OpenAI’s assets by email on…



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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