Musk asks state AGs to auction OpenAI stake in nonprofit restructuring

Quick Summary:

The court is likely to rule on the preliminary injunction Musk's lawyers had applied for later this month.

Backed by Microsoft, OpenAI was valued at $157 billion in October after raising $6.6 billion from investors.

The startup previously said the valuation of its charitable assets will be determined by independent financial advisors.

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Category: BusinessFinance

Markets: India

Topics: AI Self-driving cars Artificial intelligence Tesla CEO Elon Musk Chatgpt Tesla Tesla cars Elon Musk Grok Elon Musk Elon Musk Sam Altman AI race Humanoid Robots Artificial intelligence Internal use Japan's Honda and Hyundai Motor's Tesla robo taxi Open AI Cybercabs Robotaxis Tesla Inc Tesla Robo Taxi Delay

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 08:49:32 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25024512

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