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Reading:Openai is trying to create evidence of Elon Musk
Elon Musk recently attempted an unwanted acquisition of Openai, rejected by the non -profit committee of Sam Altman and Openai.
Now the founder of CHATGPT wants to prevent the future coup of the richest or other investors in the world.
According to the report from the Financial TimesThe discussed change will give special voting rights to Openai’s existing non -profit directors, and it will allow the artificial intelligence organization to maintain its authority to OpenAI despite being structured as a for -profit company known as a public benefit company.
AI new companies were able to refute MUSK’s claim that it was originally far from the original charity mission by focusing such power on Openai’s non -profit weapons. In addition, members of the board of directors can potentially ignore other sponsors of commercial companies such as Microsoft (MSFT) or Softbank.
SAM Altman, Co -founder and CEO of Openai. Reuters/Axel Schmidt/File Photo · ·Reuters / Reuters
All of this requires the starting membership of Openai’s board of directors and Altman, and both are defendants in the lawsuit of MUSK to prevent Openai from switching to profit business.
Nonprofit expert Ellis Carter said, “Ellis Carter, a non -profit law expert, wrote” Non -profit expert Ellis Carter “to her. Charity lawyer Blog. But Carter explained that non -profit organizations should be carefully performed, saying, “I can’t really divide home.”
Non -profit companies have no stocks and have no official ownership, so “Governance design is important.”
At present, Openai’s board of directors is a non -profit organization that has no shareholders and no voting members. However, the University of California, Professor of Law, Los Angeles Rose Chan Louis Openai seems to be focusing on strengthening the hostile acquisitions that can come after a subsidiary of a profit subsidiary turns into a public interest company.
Chan Loui suspects that Openai will provide a special class voting stock of a reconstructed for -profit company with a better right than other stock owners. She said at least their voting can ignore the acquisition movement of individual investors, including Microsoft, the largest investor of Openai.
In addition, she said it was unclear how specific the voting rights were. For example, it may be limited to a wide range of attempts or extensive attempts as much as all comprehensive rights held by the non -profit committee.
Chan Loui said, “We need more details.”
Openai did not respond to the explanation request.
Microsoft CEO Satya Nadella, right, Openai CEO Sam Altman left from Openai DevDay Conference in 2023. (Justin Sullivan/Getty Image) · ·Justin Sullivan through Getty Image
At present, investors such as Microsoft are limited to the interests of the for -profit subsidiaries of Openai, not the owners of Openai. If Openai is profitable, Microsoft deserves 75%of his profits until he collects $ 13 billion in major investments. Other 25%of the profits move to the profitcap specified for employees and initial investors.
If the principal of Microsoft is repaid, you will be eligible to earn 50%of your profit until it reaches an upper limit of $ 92 billion.
Openai Sayed I would like to switch to a delaware public benefit company (PBC) that publishes general stocks.
Theoretically, the PBC can provide new investors with stock interests and shift the limited interests of existing investors into capital gains.
Chan Loui has a special vote poison Through this, the board of directors and existing shareholders (existing shareholders other than activist investors) allows you to purchase additional shares at a significant discount.
Openai was not completely inoculated in external bidding despite the authority of the board of directors. Legally, the Board of Directors is in charge of the mission of “so that artificial information helps all humanity.” And on the website, it says that it can mean to leave a resource behind a similar -oriented project.
The charity charter said, “If the value is aligned and a safe project is close to building AGI, it stops competition and begins to support this project.” main.
Elon Musk is on February 13 in Washington, DC, Reuters/Nadan Howard/File after meeting with Prime Minister Narendra Modi. · ·Reuters / Reuters
According to the Delaware method where Openai is registered, the non -profit committee is obliged to seriously review the acquisition proposal and explain why it will refuse it.
Charitable groups usually do not target hostile acquisitions. This is not especially the type that Musk thought. Bidding of $ 15.4 billion in bidding for $ 157 billion for Openai’s intellectual property and other assets.
Instead, non -profit organizations usually face internal power struggles. attack In environmental groups, the Sierra Club was started by anti -immigrants in 2003.
However, as long as the non -profit organizations actually comply with the state laws of charity organizations, the non -profit lawyer Frank Devito can protect it from the acquisition of the member by allocating the right to the board members. I wrote In the blog post.
MUSK and Altman originally co -established Openai as a non -profit organization in 2015, but MUSK separated himself with disagreements about how to venture a venture from an AI company and eventually started a competitive AI company called XAI.
MUSK’s lawsuit began with the initial $ 45 million donation of MUSK in order to prevent the transition to Openai’s for -profit enterprise, and claimed that Openai remained a non -profit organization.
Openai said it had to switch to a profit structure to attract new capital.
MUSK’s acquisition proposal was much lower than the current evaluation of Openai’s assets for $ 97 billion. Softbank, a large Japanese company, plans to invest $ 40 billion in $ 40 billion, which is $ Openai’s value $.26 billion $30 billionAccording to various media reports.
Altman has previously disclosed his rejection in the post of X, a social media platform known as MUSK’s $ 44 billion in 2022.
Altman wrote: “Thank you. But if you want to buy Twitter for $ 97.4 billion.”
2015 Elon Musk and Sam Altman. (Michael Kovac/Getty Images for Vanity Fair) · ·Michael Kovac through Getty Image
Openai also said in a separate court document that the bidding for MUSK’s Openai had contradicted his claim that Openai’s assets should not be used in profitable interests in the current lawsuit.
“MUSK’s recommended acquisition bidding cannot be adjusted to the charity trust claim. [he] “We are developing in this court.”
Bret Taylor, chairman of Openai, was officially rejected Musk’s bid on February 14 in a statement on behalf of the board of directors. .
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