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In Judicial presentation on WednesdayA lawyer from Elon Musk said the billionaire will withdraw its offer of $ 97.4 billion for the non -profit organization of Opensei if the board of directors of the Chatgpt manufacturer “preserves the mission of the beneficial organization” and stops its conversion to a corporation to a corporation for profit.
The presentation, presented to the United States District Court for the Northern District of California, affirms that Musk’s offer to buy Openai’s non -profit organization is “serious” and that the non -profit organization “must be compensated by what a weapons buyer will pay for their assets.
“It should (…) the assets of the beneficial organization proceed to the sale, a consortium led by musk has presented a serious offer (…) that would go to the beneficial organization in promotion of its mission,” says the presentation. “(However, yes) the OpenAI Board, Inc. is prepared to preserve the mission of the beneficial and stipulate to take the start of its assets ‘for sale’ by stopping its conversion, Musk will withdraw the offer.”
The presentation is the last development in a saga that began on Monday, when Musk, his company of AI, XAI and a group of investors offered to buy the non -profit organization that effectively governs Openai for $ 97.4 billion. The OpenAi CEO, Sam Altman, and the company’s board quickly ruled out the unplayed proposal. In statementAndy Nussbaum, the lawyer who represents the Board of Openai, said that Musk’s offer “does not establish a value for the nonprofit organization (Openai)” and that the non -profit organization “is not on sale “
Last year, Musk, co -founder of Openai, filed a lawsuit against the company and Altman that claims that Openai dedicated himself to anti -competitive behavior and fraud, among other crimes.
Openai was founded as a non -profit organization before it passed to a “limited profit” structure in 2019. The non -profit organization is the only control shareholder of the OpenAI corporation of limited profit purposes, which It retains formal fiduciary liability in the letter of the non -profit organization. Operai is now in the process of restructuring, this time for a traditional for profit, specifically a public benefit corporation. But Musk, through demand, is trying to order the conversion.
In Presentation earlier on WednesdayOpenai’s lawyers called the Musk movement to take control of the company “an inadequate commitment to undermine a competitor”, and a contradiction of their position in court that a transfer of the assets of the startup through the Restructuring would violate its mission as a charitable trust.
