Musk, attorneys, ask judges to auction off OpenAI stake

Elon Musk Wants OpenAI to Be Forced Into Selling a Portion of Itself
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.
Elon Musk wants OpenAI to auction off a large ownership stake
OpenAI launched a for-profit subsidiary a year later in order to raise outside capital, including more than $13 billion so far from its biggest backer, Microsoft. However, the non-profit entity, along with employees and investors, currently owns that for-profit subsidiary.
Musk Asks State AGs to Auction off OpenAI Stake in Nonprofit Restructuring, Sources Say
A lawyer for billionaire Elon Musk has asked attorney generals in the states of California and Delaware to push OpenAI to auction a major stake in its business to decide fair value of its charitable asset during its corporate restructuring,
Elon Musk calls on California and Delaware to force auction of OpenAI stake
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 executive Sam Altman.
Musk, attorneys, ask judges to auction off OpenAI stake: report
Elon Musk and his attorneys have asked judges in the states of California and Delaware to cause an auction that would force OpenAI to sell off a portion of its business, the Financial Times reported.

Microsoft, Math and OpenAI

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Impacts12h
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