Elon Musk wants OpenAI to auction off a large ownership stake
SMRTR summary
Elon Musk is intensifying efforts to prevent OpenAI's conversion to a public benefit corporation (PBC). He filed for an injunction in California and criticized Delaware's handling of the matter. OpenAI committed to becoming a PBC within two years as part of a $6.6 billion funding round, valuing the company at $157 billion. The conversion process faces challenges, including negotiating Microsoft's investment value, and is expected to take months to complete.
SMRTR provides this summary for quick context. The original article belongs to Ars Technica.
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