Elon Musk’s $ 97BN offering is a nuisance for Sam Altman’s Openai

On February 11, a consortium led by the world’s richest man made an unwanted $ 97BN bid for the assets of the non-profit unit, which controls the openiAI, which is the world’s leading developer of the world of the Artificial-Buddhist (AI) model Is. Mr. Musk, who helped find the firm, is in a growing quarrel with Sam Altman, Openi’s boss, a more conservative, for profit-making corporate structure on its transition, which claims that Mr. Musk claims that it Its original security-will be a betrayal of the mission. , In fact, Mr. Musk has determined to hurt the biggest contestant of XAI, a rival company launched in 2023 – and is ready to use what he can do to do so.

The offering of Mr. Musk is considered the best as a spiler. Openai is raising a huge amount at any time to fund the huge amount of computing power required to create advanced AI. To do this, it has promised outside of investors, one of which is the Tech Giants, Microsoft, the greatest, that they will get equity bets in a profit-profit firm, rather than cheating in the currently present marquette. The conversation is going on to determine what part of that new company receives in exchange for control over the current system.

Openai rapidly dismissed the bid outside. On X, on Mr. Musk’s social network, Mr. Altman posted a vocal counter-offer: $ 9.7bn “to buy Twitter”, as the site was once called. “Openi is not for sale,” firm spokesperson Chris Lehehen insists. This clearly reflects the position of the non-profit board. Jill Horvitz, a professor of law at the University of California, Los Angeles, says that the board’s fiduri duty is to act in accordance with the legal purpose of OpenaiI, which is to create supernatural intelligence that “safe and take advantage of all humanity”. This is a more Wriggle room to delete the proposal.

Mr. Musk’s targeted viewers, however, may not have boards. It is more likely that he is trying to pressurize the attorney-general of California and Delaware, where openai is located and registered. Their lawyers have urged them to check the changes in the ownership structure of the openiAI so that they can control charity surrender at the fair-market price, and threaten a bid war if they do not. Inner sources in Openai feel that it is absurd that in two Democrat-Sarkar states, officials will bow to the will of Mr. Musk, a prominent colleague of President Donald Trump. But as Ms. Horvitz has said, she has “clear law to apply”.

Therefore, it is possible that, even if Mr. Musk’s chances of gaining control over the openi, their dialect will complicate its future. If there is a concrete proposal for that amount, it would be more difficult to evaluate non-profit property at less than $ 97bn. But such a figure would mean that a small part of equity in the new benefit will be left to external investors. Openai is allegedly in the process of raising some $ 40BN from investors, including a Japanese technology group, SoftBank. Mr. Musk will be expecting to derail those efforts.

The bid, along with Mr. Trump of the “Stargate Project”, follows the sharpness on the announcement of Mr. Altman, a fund of $ 100BN supported by Openi and SoftBank, and intended to invest in data centers in the US. , Which was allegedly kept in darkness, it was early to argue that the backers did not have money (something they have denied).

“I think he is just trying to slow us,” Mr. Altman said on 11 February. “I feel for that boy. I don’t think he is a happy person.” In fact, Mr. Musk is never very happy when he is thicker of a fight.