In a court presented Wednesday, a lawyer for Elon Musk said the billionaire will withdraw his $ 97.4 billion for nonprofit Openai if the Creator Board of Creator Creator “Preserves the Charity Mission” and would stop his conversion to a lucrative corporation.
The registration, presented to the US District Court for the Northern County of California, claims that Musk’s offer to buy Openai’s non -profit is “serious”, and that non -profit “must be offset by what a weapon -length buyer will pay for his assets. ”
“Should (…) charity assets continue for sale, a Musk -led consortium has presented a serious offer (…) that would go to charity in the advancement of its mission,” the appearance reads. “(However, if) the Openai board, Inc. is prepared to maintain the charity mission and determine to get the” for sale “sign from its assets by stopping its conversion, Musk will withdraw the offer.”
Registration is the latest development in a saga that began on Monday, when Musk, his company AI, XAI and a group of investors offered to buy nonprofits that effectively arrange Openai for $ 97.4 billion. Openai General Director Sam Altman and the company board quickly dismissed the unwanted proposal. In a statement, Andy Nussbaum, the lawyer representing the Openai Board, said that Musk’s offer “does not give (Openai’s) nonprofit” and that the non -profit is not “not for sale”.
Musk, a co -founder of Openai, filed a lawsuit against the company last year and Altman claiming that Openai engaged in anti -compliant behavior and fraud among other works.
Openai was founded as a nonprofit before moving to a “lucrative covered” structure in 2019. Nonprofit is the only controller of the Openai-Profit Captive Corporation, which bears the official responsibility of confidence in the non-profit statute. Openai is now in the process of restructuring-this time in a traditional lucrative company, specifically a corporation with public benefits. But Musk, through the lawsuit, is seeking to order conversion.
In an earlier appearance Wednesday, lawyers for Openai called Musk’s movement to take control of the company “an improper attempt to undermine a competitor”, and a counteract of his position in court that a transfer of starting assets Through restructuring it would violate its mission as a charity.
