OpenAI responded to Musk’s lawsuit and talked about his attempts to gain control of the company. This is reported by Reuters.
OpenAI executives have released a response to Elon Musk’s lawsuit, attaching excerpts from correspondence with the billionaire. It follows from them that Musk, among other things, asked him to transfer the management of the company and offered to merge it with Tesla. He also supported OpenAI’s commercialization plans and claimed it would raise billions of dollars to compete with Google.
Among the authors of the statement are OpenAI CEO Sam Altman, co-founders of the company Greg Brockman, Ilya Sutskver and others.
According to the materials published by OpenAI, Altman and Brockman originally planned to raise $100 million in funding, but Musk convinced them to set a goal of $1 billion to compete with Google. At the same time, the billionaire stated in the letter that he will provide the missing amount. As a result, OpenAI attracted about $130.5 million in investment, of which Musk invested less than $45 million, and more than $90 million was provided by other investors.
According to OpenAI executives, in 2017 they concluded that “billions of dollars” would be needed to successfully pursue their mission of creating artificial general intelligence (AGI), and that money was unlikely to be raised as a nonprofit organization. Then they started discussing the creation of a commercial structure with Musk. According to OpenAI executives, the billionaire has asked to transfer a controlling stake in OpenAI, control over the board of directors, and make him CEO. During the negotiations, Musk stopped funding, and as a result, OpenAI refused to transfer control to him.
#OpenAI #responded #Elon #Musks #lawsuit