Elon Musk’s legal representative has submitted court documents regarding the proposal to acquire OpenAI’s Non-Profit business for a staggering $9.74 billion. The intention stated is to withdraw the acquisition offer if OpenAI’s board can maintain the company as a non-profit entity and refrain from converting it into a for-profit company.
This document confirms Musk’s serious commitment to acquiring OpenAI’s Non-Profit business and providing appropriate returns to investors by exchanging assets worth $9.74 billion. This highlights the conflict between Musk and OpenAI, as well as CEO Sam Altman, who had previously filed a lawsuit to prevent the transformation of OpenAI into a more profit-focused company. Altman maintains that there will be no sale of OpenAI and ensures that the structure of OpenAI will prevent anyone other than a single entity from owning it.
Source: TechCrunch
TLDR: Elon Musk seeks to acquire OpenAI’s Non-Profit business for $9.74 billion, emphasizing the conflict with OpenAI’s aim to remain non-profit and CEO Sam Altman’s stance against converting it into a for-profit entity.
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