We recently compiled a list of Top 14 Actions from AI to Wall Street: News and Enagissances. In this article, we are going to take a look at Where Amazon.com, Inc. (Nasdaq: Amzn) stands against the other AA actions.
In an update on the offer of a consortium led by Elon Musk to buy the non -profit organization which controls Openai, the lawyers of Musk would have declared in a judicial file that they will withdraw the offer of 97, $ 4 billion if the AI startup abandons its plans to become a for -profit entity.
Musk strives to prevent Openai from becoming a for -profit entity, even depositing a case against Altman in August. Musk co -founded the artificial intelligence startup with Sam Altman, but left the company in 2018 after a disagreement with Altman and other co -founders on the management and financing of Openai.
The file noted that Musk will remove the offer if the Board of Directors of Openai is “ready to preserve the mission of the charitable organization and to stipulate to remove the pawn” for sale ” in Stoppement its conversion. “”
Otherwise, “the charitable organization must be compensated by what a buyer of length of arms will pay for his assets.”
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In his file with the same court on Wednesday, Openai said that Musk’s attempt to buy OpenAi contradicts the arguments he supports in court that the Startup’s assets cannot be transferred to private purposes. It seems that it is “a bad offer to undermine a competitor”. Even if Musk apparently wants OPENAI to keep its non-profit structure, OPENAI noted that in its offer, it wants OPENAI to be sold to itself.
“In this court, Musk maintains that Openai assets, Inc. cannot be” transferred “to a” private gain. But outside the court, these constraints obviously do not apply, as long as Musk and its allies are the buyers. Musk would have Openai, Inc. transfer all his assets to his own, for his economic profit and that of his competing company with AI and the private part of private. »»
It should be noted here that Optai has no obligation to examine the offer.
“The only trustee duty of the Independent Commission is the mission to guarantee that AGE benefits all of humanity. Respectfully, it does not belong to a competitor to decide what is in the best interest of the mission of Openai. »»
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