Elon Musk and a group of co-investments have submitted an offer of nearly $ 100 billion for the non-profit organization that controls Openai, complicating the test of the executive director Sam Altman to turn the start-up into a lucrative entity. , writes ft. Musk, whose start-up Xai is a direct competitor of the Openai, submitted the offer to the group Monday, according to his lawyer, Marc Toberoff. Altman is in the process of transforming Openai into a company with a for-profit, removing the organization from its research roots by separating the non-profit entity. One of the main obstacles in this change was to establish a correct value for the non-profit organization which, in the current structure, controls the company. Musk, co-founder of Openai, invested tens of millions of dollars in the company at the beginning of the road before leaving his board in 2018. Start-up. He has already filed a lawsuit against Altman and Openai to try to block this conversion and now bids $ 97.4 billion for assets held by the non-profit organization, which include a majority control package in the Subsidiara Luifrii Openai. «It is essential that the charitable organization is equitably compensated for what its leadership takes: control over the most transformative technology of our times,» said Toberoff. Shortly after Wall Street Journal reported the first time about this unsolicited offer, Altman wrote on the Social Network X: «No, thank you, but we will buy Twitter for $ 9.74 billion if you want.» Musk bought Twitter in 2022 for $ 44 billion and renamed X. A person close to Openai said Musk's offer is «simply an advertising stunt» and not a viable transaction for the company. «If [OpenAI] Says' is just an advertising stunt '', we say 'prove that we are wrong', said a person involved in Musk's offer, who is supported by Xai and partners such as Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital , 8VC and the executive director of Endeavour, Ari Emanuel. Last month, Toberoff asked the general prosecutors from Delaware and California to force Openai to launch a competitive tender for the non-profit organization, which is at the center of the company. Openai, who does not consider external offers for the non-profit organization, refused to comment on the offer. A person close to the company has previously said that Musk's efforts to force a sale were designed only to create «more chaos». «Openai is not obliged to sell,» said Ann Lipton, law professor at Tulane University. «The non-profit organization controls [OpenAI]and until this structure changes, it has the obligation, as a non-profit entity, to follow its mission. ” There is «nothing else Musk can do apart from using the power of persuasion,» she added. His offer for the non-profit organization is the latest blow in a long-lasting rivalry between Tesla and Altman. The two former collaborators are now competing to dominate artificial intelligence, attracting tens of billions of dollars and building huge data centers. Openai intends to develop infrastructure of $ 500 billion in the coming years through a project supported by SoftBank, called Stargate.
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