“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,“ chairman of the board Bret Taylor said in a statement posted by the company on Musk-owned X, formerly Twitter.
Musk filed court documents on Wednesday saying that he would withdraw the offer to buy OpenAI if its board returns the artificial intelligence pioneer to a non-profit “charity” model.
The change to a for-profit model -- one that Altman considers crucial for the company's development -- had exacerbated ongoing tensions with Musk.
Three years later, Musk departed the company, with OpenAI citing “a potential future conflict for Elon... as Tesla continues to become more focused on AI.”
The massive costs of designing, training, and deploying AI models have compelled OpenAI to seek a new corporate structure that would give investors equity and provide more stable governance.
Current investors prefer a lower valuation to maximize their share of the new company.
OpenAI’s Chief Global Affairs Officer Chris Lehane has said Musk’s offer came from a competitor “who has struggled to keep up with the technology and compete with us in the marketplace”.
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