"Birchall stated, 'Sam Altman was on both sides of the table.' He explained that a lawyer had asked the California attorney general to ensure proper value was given to OpenAI's nonprofit assets."
"'There was a negotiation between Sam Altman and himself on both sides of the table, attempting to discount the value of the nonprofit assets,' Birchall noted, emphasizing the complexity of the situation."
"'We made that bid in an attempt to properly account for the value the foundation had, and create a market bid that would need to be considered by the attorney general,' Birchall explained."
During a trial, Jared Birchall, Musk's finance executive, testified about a $97.4 billion bid for OpenAI's nonprofit assets. Birchall revealed that Sam Altman was involved in negotiations on both sides, raising concerns about the valuation of the nonprofit's assets. The bid was submitted amid OpenAI's restructuring, with Musk's team believing Altman might undervalue the nonprofit. Birchall's testimony included a note passed during the examination, which led to the revelation about the negotiations and the bid's intent to ensure proper asset valuation.
Read at The Verge
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