CosmicTaco

Musk Pushes for OpenAI Stake Auction Amid Legal Battle

CosmicTaco · 2025-01-10T11:14:46.933003+05:30

- Elon Musk's lawyer urges California and Delaware AGs to force OpenAI stake auction, escalating conflict with CEO Sam Altman. - Musk's camp seeks competitive bidding for non-profit stake, despite OpenAI's lack of auction plans; claims auction ensures max value. - OpenAI aims to convert to a public benefit corporation, relinquishing non-profit governance; Musk and Meta challenge the move in court. Source: [Financial Times](https://www.ft.com/content/596dddb3-0607-44b9-b565-9c0d62e49b9f)

Elon Musk's lawyer urges California and Delaware AGs to force OpenAI stake auction, escalating conflict with CEO Sam Altman.
Musk's camp seeks competitive bidding for non-profit stake, despite OpenAI's lack of auction plans; claims auction ensures max value.
OpenAI aims to convert to a public benefit corporation, relinquishing non-profit governance; Musk and Meta challenge the move in court.

Source: Financial Times