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Monday, the richest man in the world Elon Musk, proposed To get an effective management non-commercial law for $ 97.4 billion. AI company AI, a dusky company, will be funded by the KHAI and consortium Foreign investorsCalifornia and Delaware a letter for a letter sent to Attorneys.
Openai CEO Sam Altman Quickly rejected the bid in auspicesand took him to him as a chance to dunk him.
“Thank you, but we will get twitter for $ 9.74 billion if you want,” he said Altman wrote a X in x After a few hours of reports that offer the proposal for the musk to Openai. MUSK has a social network known as Twitter; In October 2022, about $ 44 billion paid for this.
There are two history. Musk is an Openai co-founder, and Also, the case is currently involved in Openai, which claims that Openai is engaged in non-opinion behavior.
However, Altman’s rejection is more complicated than saying “Thankfully”, according to a $ 97.4 billion bid offer, TechCrunch.
To stop the non-profit conversion of Openai
For the background, Openai was established in 2019 as a non-profit before the “Closed Profit” structure.
It is now in the process of reconstruction of Openai – this time is a traditional commercial company, a special benefit Corporation – a proposal to raise more capital. But musk – who is Famous for drowning their enemies in legal problems – The passages can stand and raise the non-profit price of Openai with the proposal.
Delaware and Californium‘s Attorneys General asked for more information about the plans to make a benefit Corporation to earn a profit from the ChatQPT manufacturer. The situation also forces him to consider serious proposals.
Openai’s board will Almost, of course, refuse to offerHowever, the musk put a stage for future legal and regulatory battles. Already tries to stop Openai’s profit conversion through a commandfor example. The tender proposal is an alternative offer, the type looks like.
Now the Board of Openai, Openai’s ownership studies, including non-profit research, including internal research (eg SAM Altman) (eg SAM Altman) (eg SAM Altman) (eg SAM Altman) will have to demonstrate that you don’t want.
“Musk throws a spanner,” said Stephen Diamond, a lawyer representing the compassion opposition in Tesla in Tesla, Techchen Diamond. “He exploits the non-relevant task to prevent a non-profit board. (Musk’s BId), Openai should pay attention to something.”
It is said that Openai has been prepared for a financial round estimate the cost of earnings $ 260 billion. The information provides information about this Openai was given a password for a 25% share for non-profit non-profit.
With his suggestion gave the musk at least a group investor Openai is ready to pay a great prize for non-profit wings. These directors put the board in a tight place.
Basics for rejection
Again, Musk does not mean that Openai is not a non-profit acceptance because it has been throwing tears.
According to Corporate Lawy, David Yosifon, University of Corporate Governance Law David Yosifon provides a great powers to the current boards to protect their unwanted excellent tender proposals.
Openai, Musk’s proposal said that this Musk and Altman’s hostile attempt to seize the enemy Not the best of friends.
The company can also claim that the proposal of the muskacle is not valid, because Openai is already in a corporate reconstruction process.
Another approach can be musk with Openai, or not the funds. Like the New York Times notesMusk wealth is mainly attached to Tesla stock, ie Investment partners of the musk Had to offer a total of $ 97.4 billion.
Openai Board, according to the former Chief Adviser of the Clinton Foundation, the nonprofit mission will offer a non-profit mission for the proposal to offer a musical proposal to not only comply with special financial or strategic goals . This can be drawn against Openai’s mission: “Artificial exploration – AI systems smarter than people from the AI systems – the benefits of all mankind.”
“When Altman placed this answer (in X), it was probably implemented without a legal leader,” Yosifon said. “This is not good for this type of exhaust, the tweets that hit the knees.”
Increase the cost for Openai assets
The board, probably by Altman, side by side. Nearly all the directors joined later Altman briefly firedthen rhredBy the non-profit board in late 2023. Altman himself is a member of the Board.
If nothing else is, the offer of the musk may increase the potential market value of Openai Nonprofit’s assets. This may first force capital to raise capital than expected and to make the negotiations difficult with the existing supports of the beginning. Microsoft can also change the value of shares held by Openai Investors, including large partners.
To compensate non-profit, make sure that you are angry with months of investors.
GIT: Openai’s corporate reconstructed plans became more complicated.
