Sam Altman leaves no doubt about his position about Elon Musk’s offer to concentrate Openai’s power. In a letter to the company’s staff, the CEO put the words “offer” and “agreement” in quotes and said that the Council has no interest.
“Our structure exists to ensure that no individual can take absolute control of OpenAI,” Altman wrote, according to two sources with knowledge of the letter. “Elon Musk directs a competitive AI company, and their actions have nothing to do with the mission or values of this company.”
There is no explicit offer
Altman has also told employees that the OpenAI Board has not yet received an official Musk offer and other investors. If this occurs, the Council plans to reject the offer, they indicate those same sources. Internally, Openai employees reacted to the news with a mixture of fear and exasperation. The Information He published parts of the Altman letter.
At the beginning of the week, a group of investors led by Musk surprised the technology industry by announcing an offered offer to buy all OpenAi assets for a value of 97.4 billion dollars. Musk’s competitive company, XAI, supports the offer, as well as Equity Partners value, a private capital firm directed by one of Musk’s closest advisors, Antonio Thank you. Thank you helped advise Musk in his agreement to acquire Twitter in 2022 and has been involved in his efforts in the Government Efficiency Department (Doge).
“It’s time for OpenAI to be the strength of the open source good and security centered that once was. We will make sure that happens,” Musk wrote in a statement sent to Wired through his lawyer Marc Toberooff.
Musk has sued Openai on multiple occasions for allegedly violating “his original commitments” as a non -profit organization to become a commercial company. In addition to counterattacking in the courts, Openai published a series of emails in which he claimed that Musk knew that Openai would need to become a profit company to be able to devote himself to general artificial intelligence and, in fact, tried to merge the company with Tesla.
The fight between both magnates puts the president of the Council of Openai, Bret Taylor, who also directed the Twitter Board of Directors during the acquisition of the company by Elon Musk. That offer was, in theory, simpler; As Twitter was a public company, the Council had the clear fiduciary obligation to maximize the benefits. Musk tried to back in the acquisition, but his advisors ended up convincing him that he was not going to be possible and closed the operation in the original terms. Taylor did not respond to Wired’s request for comments.
Tools such as Iris Dating or the function of the “Wingman” of Grindr, promise to increase your chances of finding someone for the network. For now, the results are disparate.
OpenAi is more complicated than x
Nowadays, the company is a non -profit organization with a commercial subsidiary, but is in the process of converting the branch for profit into a public benefit corporation, which requires OpenAi to put a price on its assets. OpenAI is currently valued at 157,000 million dollars, according to its last financing round. The company is in conversations with SoftBank to lead an investment of 40,000 million dollars, which would raise the valuation of the company to 300,000 million dollars.
Although the Board of the non -profit organization does not have the fiduciary responsibility to maximize the benefits for investors, it does have a duty to negotiate a reasonable assessment of OpenAi assets to pursue the non -profit objectives of the company. “If the Council accepted a lower offer of Altman or a company controlled by him, he would be breaking his fiduciary duty, since Altman is considered a person with privileged information,” argues Samuel D. Brunson, Professor of Law at the Loyola University of Chicago, specialized in non -profit organizations. Openai did not respond to Wired’s request.
“Elon’s offer establishes a soil for the value of these assets. At least, it makes it much more complicated for OpenAI to divide the assets into a profitable organization controlled by Sam Altman,” says Brunson. However, he adds that the Board will probably take into account the probability that Musk really goes ahead with the offer: “Based on its acquisition of Twitter, where it had to be forced to contribute the money it offered, there may be skepticism that you do what I do what what says. “
The sources consulted by Wired report that Altman is skeptical, remembering his relatives that Musk has “a wide history of exaggerations.” In an interview with BloombergAltman reiterated some of those statements: “Elon tries all kinds of things for a long time. He probably just tries to delay.” As for X, Altman expressed it more forcefully: “No, thanks, although we can buy Twitter for 9,740 million dollars if you want” [El 10% de la oferta de Musk por OpenAI]. Musk responded with only one word: “scammer.”
Article originally published in Wired. Adapted by Alondra Flores.
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