OpenAI Board Dismisses Elon Musk's Proposal for Acquisition
The board unanimously rejected a $97.4 billion bid from Musk and his partners, confirming that OpenAI is not available for sale.
The board of OpenAI has officially turned down an acquisition offer worth 97.4 billion dollars from Elon Musk and a consortium of investors.
Chairman Bert Taylor issued a statement confirming that OpenAI is not for sale, and the board has unanimously rejected Musk’s recent attempt to interfere with the company’s operations.
This decision comes as discussions continue regarding a planned restructuring of OpenAI's ChatGPT production processes.
OpenAI was established as a non-profit research entity, alongside a for-profit division, and is currently contemplating changes to enhance fundraising efforts and improve returns for investors and employees.
Elon Musk criticized the restructuring initiative, claiming it strays from the organization's original non-profit principles.
Earlier this week, his group of investors suggested acquiring OpenAI to revert it to an open-source, safety-oriented model.
In reply, CEO Sam Altman dismissed the proposal on social media, reaffirming that OpenAI is not for sale.
Chairman Taylor further stated that any forthcoming restructuring would emphasize the organization’s dedication to benefiting humanity as a whole.
Mark Tubrof, representing Musk’s group, remarked that the board's decision was anticipated, although he expressed concern regarding how the board's strategy would address the broader interests involved.
Chairman Bert Taylor issued a statement confirming that OpenAI is not for sale, and the board has unanimously rejected Musk’s recent attempt to interfere with the company’s operations.
This decision comes as discussions continue regarding a planned restructuring of OpenAI's ChatGPT production processes.
OpenAI was established as a non-profit research entity, alongside a for-profit division, and is currently contemplating changes to enhance fundraising efforts and improve returns for investors and employees.
Elon Musk criticized the restructuring initiative, claiming it strays from the organization's original non-profit principles.
Earlier this week, his group of investors suggested acquiring OpenAI to revert it to an open-source, safety-oriented model.
In reply, CEO Sam Altman dismissed the proposal on social media, reaffirming that OpenAI is not for sale.
Chairman Taylor further stated that any forthcoming restructuring would emphasize the organization’s dedication to benefiting humanity as a whole.
Mark Tubrof, representing Musk’s group, remarked that the board's decision was anticipated, although he expressed concern regarding how the board's strategy would address the broader interests involved.
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