Elon Musk says he will attract 97.4b $ Offer Openai If Sam Altman abandons lucrative plans

Elon Musk said he would remove his unwanted bid $ 97.4 billion to take over Openai if the company led by Sam Altman agrees to suspend plans to restructure from the profitable unit, according to court data.

Musk’s lawyers describes his position on a Wednesday filed as part of the federal lawsuit of the owner Xai against Openai, Altman and others. Musk has also asked a federal judge to stop Openai’s plans to restructure through a preliminary order.

“If the OpenAi board, Inc. is prepared to maintain the charity mission and determine to receive the signature of” for sale “from its assets by stopping its conversion, Musk will withdraw the offer,” the appearance said.

The shocking offer from Musk and a group of blue chip investors marked an escalation in his long legal war with Openi, which he founded in 2015, but came after disputes with Altman.

It also marks a major headache for OpenAi restructuring plans, which have already been seen as complicated due to a strange corporate structure in which a nonprofit oversees the company. Openai has said that nonprofits will continue to exist, but will not be responsible.

Openai argued in a special appearance that the offer for receiving Musk’s friend “further exposes” his request for a preliminary order “as an improper attempt to undermine a competitor”.

Musk’s Xai directly competes with Openai.

Openai’s lawyers also claim that Musk’s offer to buy the company opposes the original premises of his lawsuit.

“In this court, Musk argues that Openai Inc.’s assets cannot be” transferred “for” private benefits “… but by the court, those restrictions apparently do not apply, as long as Musk and his allies are buyers , ”The appearance said.

“Musk would have Openai Inc. to transfer all his assets to him, for his economic and competitive business benefit and his hand -selected private investors.”

Last year, Musk’s lawsuit appoints Openai, Altman, main investor Microsoft, billionaire Reid Hoffman and others as co-defendants.

The lawsuit claims that Openai abandoned its original goal of developing it to benefit humanity by becoming a “charity exempt from taxes in a $ 157 billion profitable in the market.

Musk also claims that he will suffer irreparable damage unless a judge gives him a bridge order that prohibits OpenAi restructuring plans.

US District Judge Yvonne Gonzalez Rogers, who is overseeing the case, called Musk’s claims of irreparable damage a “stretch”, but said she would allow the proceedings to go to trial as long as Musk seems to testify . The judge still should not rule the order.

Musk’s $ 9.4 billion shocking offer includes funding from prominent enterprise firms such as Joe Lonsdale’s 8VC, Valor Equity Partners, Baron Capital, Atreides Management and Vy Capital, and CEO yet Emanuel gold.

Musk’s lawyer said his start, Xai, could join Openai if an agreement occurs.

Altman also rejected the offer for sure while stating that Openai was not “on sale”. He also personally exploded Musk, telling Bloomberg that “all his life is from a position of insecurity” and that he does not think Musk is a “happy person”.

“He is definitely a competitor,” Altman added. “I wish he would just compete by building a better product, but I think there were a lot of tactics, a lot, a lot of lawsuits, all kinds of other crazy items, now that.”