🤖 In a bold move on Friday, OpenAI unanimously rejected a staggering $97.4 billion offer from a consortium led by billionaire Elon Musk. The ChatGPT creator made it clear: \"OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition.\"
Musk's bid is part of his ongoing efforts to prevent OpenAI from transforming into a for-profit powerhouse. Despite co-founding the company alongside CEO Sam Altman, Musk left the organization previously and has since been a vocal critic, accusing OpenAI of straying from its original mission.
OpenAI is gearing up to bolster its position in the AI race by securing more capital without compromising its non-profit values. The organization plans to establish a public benefit corporation, a move aimed at attracting substantial investment while staying true to its goal of ensuring AGI (Artificial General Intelligence) benefits all of humanity. 🌍
In response, Musk’s lawyer, Marc Toberoff, claimed that OpenAI's actions are designed to enrich certain board members rather than support the charity. However, the board remains steadfast, emphasizing that any future bids would be considered disingenuous.
The consortium behind Musk's bid includes heavy hitters like Valor Equity Partners, Baron Capital, and Hollywood mogul Ari Emanuel. Despite this impressive lineup, OpenAI remains resolute in its direction.
📰 Earlier, Altman dismissed the offer with a simple \"no thank you\" on X (formerly Twitter), sparking a fierce retort from Musk who called him a \"swindler.\" The tensions between Altman and Musk aren't new, dating back to Musk's departure in 2019 and subsequent legal battles alleging breach of contract.
As OpenAI continues to navigate the competitive landscape of artificial intelligence, the company's commitment to its non-profit mission remains unshaken. Whether Musk’s latest maneuver will have any impact on OpenAI’s trajectory remains to be seen, but for now, the AI giant is focused on advancing technology for the greater good.
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OpenAI board unanimously rejects Elon Musk's $97.4 billion proposal
cgtn.com
