A published letter shows the California attorney general’s office won’t stand against Elon Musk and OpenAI because defending them doesn’t help the state.
Elon Musk entered an open conflict with his OpenAI fellow-founder Sam Altman when he began working with the Chat GPT development team.
OpenAI accepts a price for its equity stake and seeks to displace its nonprofit board to control the company. He requested for the state to participate in his legal proceeding because a combined effort would substantially modify their operational goals.
Musk explained in his Monday letter that the steps he wanted to take would not benefit the public thus he wanted to use OpenAI’s assets to achieve his personal goals. In February the group led by Musk made a voluntary $97 billion offer to acquire OpenAI.
As OpenAI is based there, California also means that the California Attorney General’s office must approve OpenAI’s switch to non profit. However, Meta and the charitable leaders have written to the attorney general to stop them from suing OpenAI.
OpenAI also has to remove the nonprofit with the control power to attract investors. The corporation, however, has to have completed its shift by the end of the year, so it has to raise the $40 billion it requires in financing in the round. OpenAI, according to the company, will have an interest in the organization for as long as it contributes more value as the business expands and there is more money coming in to support it towards its goal.
Mr. Altman founded the start-up in 2015, when neither Elon Musk nor Altman were backing the company, which disassociated the start-up a few requests before megastar technology field formed. Musk sued OpenAI and Altman last year for leaving its mission of creating AI ‘for the good of humanity, not for corporate profit’ and included other things in that suit.
Altman and OpenAI denied the claims. Next spring they are due in jury trial.
In that same year, Musk went on and started his own AI company (called xAI) and so Altman states that Musk is trying to hold up the competition.
Read the article: OpenAI to raise $40 billion to boost AI efforts
