In recent legal filings, Musk's team argued that "OpenAI and Microsoft together exploiting Musk's donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much." This reflects Musk's deep concern over the converging interests of these tech giants and their potential impact on his startup, xAI.
Kathleen Jennings, the attorney-general in Delaware, stated that her office was tasked with ensuring that OpenAI's conversion was in the public interest and assessing whether the transaction was at a fair price.
OpenAI has committed to transitioning into a public benefit corporation within two years as part of a substantial $6.6 billion funding round, with a clear valuation of $157 billion.
A spokesperson for OpenAI remarked, "Elon is engaging in lawfare. We remain focused on our mission and work," illustrating their determination to move past legal challenges.
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