Sam Altman Dismisses Elon Musk’s Bid to Buy OpenAI in Letter to Staff

Quick Summary:

OpenAI’s CEO claims the company has yet to receive an official offer from Elon Musk’s team, sources say.

Today, the company is a nonprofit with a for-profit subsidiary, but it’s in the process of converting the for-profit arm into a public benefit corporation, which requires OpenAI to name a price for its assets.

While the nonprofit board doesn’t have a fiduciary responsibility to maximize returns for investors, it does have a duty to negotiate a reasonable valuation of OpenAI’s assets to pursue the company’s nonprofit goals.

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Article Details

Author / Journalist: Zoë Schiffer

Category: TechnologyEconomy

Markets: United StatesMexico

Topics: Business / Artificial Intelligence Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 19:56:38 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: wired.com

Language: English

Article Length: 1199 words

Reading Time: 7 minutes read

Sentences: 57 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Wired

News ID: 26091355

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