OpenAI says Elon Musk's takeover bid contradicts his lawsuit against it
Musk's bid to buy OpenAI, which wants to be a for-profit entity, clashes with his lawsuit arguing that assets of the ChatGPT maker should not be for private gain, OpenAI wrote in a letter it submitted to a federal court on Wednesday.
On Monday, a consortium of investors led by Elon Musk offered $97.4 billion to buy the assets of OpenAI's nonprofit, in another salvo from the world's richest man against the artificial intelligence startup.
Musk sued OpenAI CEO Sam Altman and others in August and has asked a US district judge to block OpenAI's attempt to transition to a for-profit entity.
OpenAI in its letter said Musk had contradicted himself when making «an improper bid to undermine a competitor.»
Musk's court filings assert that OpenAI's assets must remain within a charitable trust and should not be transferred for private gain. That contrasts with his proposed acquisition which seeks to transfer all OpenAI assets to him and his private investors, OpenAI said.
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