Elon Musk recently tried to take unpoped by OPENAI that was rejected According to General Director Sam Altman and Openai Profit Board.
Now that the ChatGPT Creator wants to make sure that any future revolution of the richest man or any other investor in the world will not be successful.
In financial times, according to the reportAnd the changes discussed, which will be presented to unexpected profits, which will allow their stakeholders to maintain Optics, as the artificial intelligence organization is reorganized as a public benefit enterprise.
By focusing on the fact that such power in the non-profit arm of Openaifon, AI Upstart could restore the Musk argument that it left his original charity mission. It can also enable board members to overcome other profitable companies, such as Microsoft (:Hook) or Softbank.
Sam Altman, co-founder of Openai and CEO. Reuters / Axel Schmidt / File Photo: ·Reuters / Reuters
All this is some maneuverers by members of the Openai Council and Altman, all those who are lawsuit from musk seeking Openai from the transformation of profitable business.
“There are strategic decisions that can be made to make non-commercial protection from a hostile attractive or coup,” said Non-Commercial Law Specialist Ellis Carter. Charity attorney Blog: But not commercial “really receivable” carter, which is explained, should be careful.
Since non-profit corporations do not have stocks and unofficial property, he added that “management design is critical.”
So far, the Openai Council has the right to push out, as it does not have any shareholders as a non-commercial, it does not have any voting members. But the University of California, Professor of Los Angeles Law Rose Chan Louis He said that Openai seems to be focused on strengthening hostility, which can come to the public benefit corporation for a profit subsidiary.
Chan Loui doubts that Openai would allow the members of its council to vote into a special grade of the reconstructed profit to the owners of other reconstructed shares. In any case, he said that their votes could overcome any steps taken by private investors, including the largest openai investor, Microsoft.
Out of it, he said, it is unknown at this time what he will do after leaving the post. For example, they could be limited to taking over attempts or as large-scale rights that are currently held by a non-profit council.
“We need more detail,” said Chan Loui.
Openai did not respond to the clarification request.
Microsoft CEO Satya Nadella, Right and Openai CEO Sam Altman at the Openai Devide Conference in 2023. (Justin Sullivan / Getty Images) ·B aston Sullivan through Getty Images
Right now, investors like Microsoft are not a shareholder in Openai, but instead of keeping limited profits in Openai’s profit affiliate. Once upon a time, Openai is advantageous, Microsoft has the right to 75% of profits as long as it will process its $ 13 billion. The other 25% of profits go to employees and early investors until prescribed profitable hats.
The director of Microsoft has extinguished, it has the right to profit by 50% until it reaches a lucrative hat, $ 92 billion.
Open said It wants to transform its non-profit parent to the Public Shah Corporation (PBC), which releases ordinary shares of shares.
Theoretically, PBC may offer equity for new investors and make the limited profit of the existing investors for the stock interest.
Chan Loui said the right to vote could be designed as a poison pills This will allow the Board and the existing shareholders, except for any activist, buy additional shares with a significant discount.
Openai is not completely divided from external applications, despite the advice of the council. Legally, the Council is instructed to implement its mission to “ensure that artificial general intelligence … promotes all humanity.” And on its website, it is said that it can mean posting its resources behind the similar oriented project.
“If the consciousness of the value agrees, we must stop competing and start supporting this project”, “Charity’s charter” statesA number
Elon Musk after a meeting with Indian Prime Minister Naryidra Modi in Washington on February 13. Reuters / Nathan Howard / File PHOTO: ·Reuters / Reuters
According to the Delaware Law, where the OPENAI, the non-profit council is required to seriously review the acquisition of acquisition and explain the reasons for their rejection.
Charities, as a rule, are not targets to hostilities, especially the type of mind that Musk’s Musk’s Musk was estimated at $ 157 billion for intellectual property and other assets.
Instead, non-commercial organizations are more likely to fight internal strength, as well as offensive In the environmental group, the Sierra club has started since 2003 with anti-Armenian lawyers.
But non-profit organizations can defend a member from members, giving special voting to the members of the Council as long as the rights of the state are organized by the charitable lawyer Frank Devuriton. wrote in a blog post.
Musk and Altan were originally founded in Openai 2015 as a non-profit, but musk singled out itself from AI due to disagreements, as it moved to Xai.
The Musk Claim, which wants to prevent the OPENAI’s profit from the Greece of $ 45 million, so that the startup is funded, which claims that he is a non-profit organization.
Openai said it was necessary to transform a profitable structure to attract new capital.
For $ 97 billion, Mushk’s assuming proposal fell significantly under the current assessment of Openai assets. Japanese Conglomerate Softbank plans to invest a new $ 40 billion that will make Openai cost $ everywhere – $260 billion to $300 billionAccording to different media reports.
Altman has made his refusal community installed in X, the Social Media Platform, which was previously known as Twitter, which was bought by Musk in 2022 to $ 44 billion.
Altman wrote: “No thanks, but we will buy Twitter for $ 9.74 billion if desired.”
Elon Musk and Sam Altman in 2015. (Photo for Michael Kovac / Getty Images Vanity Fair) ·Michael Kovac Getty Images
“Opnel” also said that the Musk Competition for Openai contradicts its request for Openai in its current court case that Openai’s assets should not be used for profitable interests.
“Mushk’s alleged bid cannot reconcile with the requirement of charity trust [he] This court progresses, “said the word.
Openai’s advice officially rejected Musk application on February 14. A number
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