San Francisco (AP) – OpenAi says that the board of directors unanimously rejected a takeover bid of $ 97.4 billion by Elon Musk.
“OpenAi is not for sale and the board has the last attempt by Mr. Musk to disrupt his competition, unanimously rejected,” said a statement by Bret Taylor, chairman of the board of OpenAi on Friday.
OpenAi lawyer William Savitt said on Friday in a letter to Musk’s lawyer that the proposal “is not in the interest of OAI’s mission and is rejected.”
Musk, an early openi -investor, started a legal offensive against the chatgpt -maker almost a year ago and complained to the breach of contract about what he said was the betrayal of the founding goals as a non -profit that he helped were found ten years ago .
Then, on Monday, while that case was still awaiting an important statement, Musk and his own AI Startup, XAI, and a group of investment companies attempted to buy the non -profit organization that checks OpenAI. Musk in a court who submitted on Wednesday expanded the proposal to acquire the controlling interest of the non-profit in the subsidiary with profit-making OpenAI.
Savitt’s letter on Friday said that submitting “new material conditions to the proposal. As a result of that application, it is now clear that the much published ‘bid’ of your customers is in fact no offer at all.” In any case, “even As presented first, “the board unanimously rejected it, Savitt said.
In the court case, Musk claimed that the companies violate the conditions of his fundamental contributions to the charity. Musk had invested around $ 45 million in the startup from the founding to 2018, said his lawyer.
He escalated the legal dispute at the end of last year, added new claims and the defendants, including the business partner of OpenAi Microsoft, and asked for a judicial order that would stop OpenAi’s plans To turn itself more into a company with a profit. Musk also added Xai as the claimant and claimed that OpenAi also suffocated unfair business competition. A judge is still considering Musk’s request, but has pronounced Scepsis about some of his claims in a hearing last week.
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