In his letter, Musk’s lawyer pushed the attorneys general to allow outside investors to bid for the nonprofit’s stake in OpenAI. If successful, that could allow an outside investor to take a ...
A lawyer for Elon Musk has called on the California and Delaware attorneys-general to force OpenAI to auction off a large stake in its business, intensifying a bitter fight with the company’s chief ...
A federal judge in Oakland has postponed a hearing on Elon Musk’s attempt to prevent OpenAI, the owner of ChatGPT and other ...
His lawyer said the auction would decide fair value of OpenAI's charitable asset during its corporate restructuring. OpenAI previously said financial advisers would determine that value.
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According to a report in the Financial Times, lawyers for Musk have contacted attorneys-general in Delaware and California to demand that a large stake in OpenAI be sold off in an open auction process ...
News updates from January 9: Elon Musk calls on California and Delaware to force auction of OpenAI stake; BlackRock quits climate group on facebook (opens in a new window) News updates from January 9: ...
OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its board exerts over operations. OpenAI thinks it has found a way to make ...
A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push OpenAI to ...
Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the ...
Why OpenAI's corporate structure matters Related stories The company said it wants to transition its for-profit arm into a Delaware Public Benefit Corporation — which, unlike a traditional ...
The state’s attorney general asked the company how it plans to transfer assets out of its charitable nonprofit.