{"id":6228,"date":"2025-02-14T22:14:27","date_gmt":"2025-02-14T22:14:27","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/openai-rejects-elon-musks-bid-to-gain-control-of-the-company\/"},"modified":"2025-02-14T22:14:27","modified_gmt":"2025-02-14T22:14:27","slug":"openai-rejects-elon-musks-bid-to-gain-control-of-the-company","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/openai-rejects-elon-musks-bid-to-gain-control-of-the-company\/","title":{"rendered":"OpenAI Rejects Elon Musk\u2019s Bid to Gain Control of the Company"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">OpenAI\u2019s board of directors on Friday rejected <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/10\/technology\/elon-musk-openai-bid.html\" title=\"\">a $97.4 billion bid by Elon Musk<\/a> and a consortium of investors to gain control of the artificial intelligence company, deepening a feud between Mr. Musk and OpenAI\u2019s chief executive, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/08\/technology\/sam-altman-elon-musk-trump.html\" title=\"\">Sam Altman<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a statement, Bret Taylor, the chairman of the OpenAI board, said, \u201cOpenAI is not for sale, and the board has unanimously rejected Mr. Musk\u2019s latest attempt to disrupt his competition.\u201d <\/p>\n<p class=\"css-at9mc1 evys1bk0\">OpenAI also sent a letter to Mr. Musk\u2019s lawyer, Marc Toberoff, saying that the bid was \u201cnot in the best interests of OAI\u2019s mission.\u201d<span class=\"css-8l6xbc evw5hdy0\">  <\/span><\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Musk and Mr. Toberoff did not immediately respond to requests for comment.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">OpenAI\u2019s rejection followed the $97.4 billion offer from Mr. Musk and other investors on Monday for the assets of the nonprofit that controls OpenAI. With the bid, Mr. Musk was meddling in a plan that Mr. Altman has made to change OpenAI\u2019s corporate structure by shifting control of the company from the nonprofit to OpenAI\u2019s investors, including Microsoft.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Musk and Mr. Altman have been at odds for years. Mr. Musk helped create OpenAI as a nonprofit in 2015, along with Mr. Altman and others. In 2018, Mr. Musk left the organization after a battle for control of the company. Mr. Altman then attached OpenAI to a for-profit company so he could raise the billions of dollars needed to build A.I. technologies.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The nonprofit retained control of the company. Last year, Mr. Altman and his colleagues began working on <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/12\/27\/technology\/openai-public-benefit-corporation.html\" title=\"\">a plan to shift control of the company<\/a> from the nonprofit to OpenAI\u2019s investors. Mr. Musk\u2019s $97.4 bid could complicate that plan.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">(The New York Times has <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2023\/12\/27\/business\/media\/new-york-times-open-ai-microsoft-lawsuit.html\" title=\"\">sued<\/a> OpenAI and Microsoft for copyright infringement of news content related to A.I. systems. OpenAI and Microsoft have denied those claims.)<\/p>\n<p class=\"css-798hid etfikam0\">This is a developing story. Check back for updates. <\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/02\/14\/technology\/openai-elon-musk.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI\u2019s board of directors on Friday rejected a $97.4 billion bid by Elon Musk and a consortium of investors to<\/p>\n","protected":false},"author":1,"featured_media":6229,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[451,1230,213,123,511,2458,450,510,396,214,1231,782],"class_list":["post-6228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-acquisitions-and-divestitures","tag-altman","tag-artificial-intelligence","tag-computers-and-the-internet","tag-elon","tag-letters","tag-mergers","tag-musk","tag-nonprofit-organizations","tag-openai-labs","tag-samuel-h","tag-start-ups"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OpenAI Rejects Elon Musk\u2019s Bid to Gain Control of the Company - World News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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