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Elon Musk wants OpenAI to auction off a large ownership stake

Ars Technica - All content · George Hammond, Financial Times · last updated

A lawyer for Elon Musk has called on the California and Delaware attorneys-general to force OpenAI to auction off a large stake in its business, intensifying a bitter fight with the company’s chief executive Sam Altman.

In a letter to the states’ top law officers seen by the Financial Times, Musk’s attorney Marc Toberoff said he was writing on behalf of big artificial intelligence investors who wanted to participate in an open and competitive bidding process for the OpenAI stake.

OpenAI had no plans for such an auction, according to a person with knowledge of the ChatGPT-maker’s thinking. Musk’s camp simply “want more chaos,” they added.

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