OpenAI's board of directors has raised doubts about a $97.4 billion bid from Elon Musk and a consortium of investors to acquire the nonprofit's assets. The board highlighted contradictions between Musk’s current bid and his earlier lawsuit, where he maintained that OpenAI should remain under nonprofit governance. Additionally, Musk’s lawyer indicated that the lawsuit was about alleged misconduct by Sam Altman, not simply a power struggle. The OpenAI board has yet to formally decline the offer, indicating they are still deliberating on the matter.
OpenAI's board has raised concerns about Elon Musk’s $97.4 billion bid to take control of the company, citing contradictions in legal claims made by Musk.
In a court filing, OpenAI accused Musk of hypocrisy, stating his bid challenges his previous legal assertions that the assets should remain with the nonprofit.
Musk's attorney claimed the lawsuit is not about control, but rather about Altman's alleged misconduct and asserted that Musk would withdraw his bid if certain conditions were met.
Despite the mixed responses from their legal teams, OpenAI's board has not formally rejected Musk's offer as they weigh their options moving forward.
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