Elon Musk and a consortium of investors are offering $97.4 billion to acquire OpenAI, aiming to revert the AI company to its original nonprofit mission. Musk's offer comes amidst a legal dispute with OpenAI over its planned transition to a for-profit entity.
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Musk, an early OpenAI investor and board member, sued the company last year, first in a California state court and later in federal court, alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good. Musk had invested about $45 million in the startup from its founding until 2018, Toberoff has said.
But the judge also raised concerns about OpenAI and its relationship with business partner Microsoft and said she wouldn’t stop the case from moving to trial as soon as next year so a jury can decide. Toberoff said in a statement that if Altman and OpenAI’s current board “are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time.”
ELON MUSK OPENAI AI TAKEOVER NONPROFIT
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