OpenAI responds to Elon Musk’s lawsuit: ‘Elon wanted us to merge with Tesla or…’
OpenAI has now officially responded to a recent lawsuit filed by Tesla and SpaceX CEO Elon Musk and claimed that Musk wanted the AI startup to merge with Tesla or seek full control of the company.
Responding to Elon Musk’s claims about the moving to a for profit structure, OpenAI said, “As we discussed a for-profit structure in order to further the mission, Elon wanted us to merge with Tesla or he wanted full control. Elon left OpenAI, saying there needed to be a relevant competitor to Google/DeepMind and that he was going to do it himself. He said he’d be supportive of us finding our own path.”
“In late 2017, we and Elon decided the next step for the mission was to create a for-profit entity. Elon wanted majority equity, initial board control, and to be CEO. In the middle of these discussions, he withheld funding. Reid Hoffman bridged the gap to cover salaries and operations.” the company added.
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Published: 06 Mar 2024, 10:33 AM IST
OpenAI has now officially responded to a recent lawsuit filed by Tesla and SpaceX CEO Elon Musk and claimed that Musk wanted the AI startup to merge with Tesla or seek full control of the company.
Responding to Elon Musk’s claims about the moving to a for profit structure, OpenAI said, “As we discussed a for-profit structure in order to further the mission, Elon wanted us to merge with Tesla or he wanted full control. Elon left OpenAI, saying there needed to be a relevant competitor to Google/DeepMind and that he was going to do it himself. He said he’d be supportive of us finding our own path.”
“In late 2017, we and Elon decided the next step for the mission was to create a for-profit entity. Elon wanted majority equity, initial board control, and to be CEO. In the middle of these discussions, he withheld funding. Reid Hoffman bridged the gap to cover salaries and operations.” the company added.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Catch all the Technology News and Updates on Live Mint. Check all the latest action on Budget 2024 here.
Download The Mint News App to get Daily Market Updates & Live Business News.
Download The Mint News App to get Daily Market Updates & Live Business News.
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Published: 06 Mar 2024, 10:33 AM IST
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