OpenAI's board has declined a buyout offer of $97.4 billion from a consortium led by Elon Musk, who has expressed frustration over the company's transition from a non-profit to a public benefit corporation. Musk, a co-founder of OpenAI, aims to restore its open-source model and argues that the charity should be compensated for relinquishing control over significant technological advancements. His attorney emphasized Musk's qualifications to lead OpenAI and his commitment to its original mission as a safety-focused entity.
"If Sam Altman and the present OpenAI board of directors are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it."
"It's time for OpenAI to return to the open-source, safety-focused force for good it once was. We will make sure that happens."
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