AI
Elon Musk to withdraw OpenAI bid if board agrees to charity terms, lawyers say
[ad_1]
Tesla CEO Elon Musk will withdraw his $97.4 billion bid for OpenAI‘s non-profit arm if the ChatGPT maker does not become a for-profit entity, lawyers for Musk said in a court filing on Wednesday.
“If (the) OpenAI board is prepared to preserve the charity’s mission and stipulate to take the “for sale” sign off its assets by halting its conversion, Musk will withdraw the bid,” the filing said.
If not, “the charity must be compensated by what an arms-length buyer will pay for its assets.”
Musk’s “serious offer” was for the furtherance of the charity’s…
[ad_2]
Source link
You must be logged in to post a comment Login