In A Court registration on WednesdayA lawyer of Elon Musk said that the billionaire would withdraw his offer of $ 97.4 billion for the non-profit organization of Openai if the board of the Chatgpt Makers’ directors “kept” the mission of the charity organization and its conversion to a non-profit company set.
The submission, which was presented to the US district court for the northern district of California, claims that the offer of Musk, Openai’s non-profit organization is “serious” and that the non-profit organization “has to be compensated by what a buyer has to be compensated will pay for his assets with arms length. “”
“If (…) the assets of the charity organization take for sale, a Muschus has submitted a serious offer (…) that would go to the charity to promote its mission,” says the registration. “(If the board of Openai, Inc. is ready, however, to preserve the mission of the charity and determine that the” for sale “decreases its assets by stopping its conversion, Musk will withdraw the offer.”
The submission is the latest development in a saga that started on Monday when Musk, his AI company, Xai and a group of Investors Offers to buy the non -profit organization that effectively rules Openai for 97.4 billion US dollars. The Openai CEO Sam Altman and the company’s board member dismissed the unwanted proposal quickly. In A opinionAndy Nussbaum, the lawyer who represents Openai’s board, said Musk’s offer “has not set any value for (Openaai) non -profit organization and the non -profit organization is” not for sale “.
Musk, an Openai co-founder, filed a lawsuit against the company and Altman last year, who claims that Openaai had involved in contrary behavior and fraud.
Openai was founded as a non -profit organization before it went into a “caped profit” structure in 2019. The non-profit organization is the only controlling shareholder of the Caped Profit Openaai Corporation, which retains a formal fiduciary responsibility for the charter of the non-profit professional. Openaai is now a traditional profit-oriented company in the process of restructuring dies, in particular a public performance society. But Musk tries to improve the conversion.
In A Submission earlier on WednesdayThe lawyers of Openaai step to take control of the company, “an improper offer to undermine a competitor”, and a contradiction of his position in court that a transfer of the assets of the startup by restructuring violate its mission as a non -profit trust would.
