The opening on Friday rejected a $97.4 billion bid for ChatGpt makers from a consortium led by billionaire Elon Musk, saying the startup is not on sale.
The unsolicited approach is Musk’s latest attempt to block a startup co-founded with CEO Sam Altman.
“Openai is not on sale. The board unanimously rejected its latest attempt to disrupt Musk’s competition. Openai said that the possibility of a reorganization of Openai is a nonprofit organization. and strengthens our mission to ensure that AGI benefits all humanity.
On Tuesday, Altman told news website Axios that Openai was not on sale. He rejected the offer on X on Monday with a “no thank you” and urged Musk to retort “swindler.”
A consortium, including Musk-led AI startup Xai, will withdraw its bid for Openai’s nonprofit if it removes plans to become a for-profit organization, the billionaire lawyer said in a court application Wednesday.
“Two days ago you filed a lawsuit in court adding new important terms to the proposal. The filing revealed that the client’s “published ‘bids’ were not actually bids at all.” “We’re doing this,” the Openai board was sent to Musk’s lawyer Mark Toberov on Friday, according to a letter signed by William Savitt, a lawyer representing the company.
Other investors in the consortium include Valor Equity Partners, Baron Capital and Hollywood Power Broker Ari Emanuel.
Altman and Musk have been at Loggerheads for many years.
After Musk left in 2019, Openai created a for-profit division attracting billions of dollars in fundraising, with masks claiming that startups violating their original missions by making more profits than larger public goods caused an allegation from.
Musk sued Altman, Openai and its biggest supporter Microsoft last August on suspicion of breach of contract.
In November, Musk asked a US district judge for a preliminary injunction to prevent him from moving into the for-profit structure.
