1: Altman's original plan is to create a for-profit subsidiary under the non-profit and spin it off from the non-profit, which would turn this for-profit subsidiary into a regular company.
The non-profit will be given equity share of the newly established company
2: Elon's 92B bid is only for non-profit part of the asset (and also all of nonprofit asset)
3: According to the filing, the purpose is to "ensure the proper valudation of the non-profit part of openAI" --- to translate this into layman's term, it means the non-profit OpenAI should be given a controlling part of newly formed for-profit company (>50% voting right)
4: The bid apparently is not just from Elon himself, but a consortium made from
Musk’s own artificial intelligence company xAI (which is already valued at $80B+) Valor Equity Partners Baron Capital Atreides Management Vy Capital and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale. Ari Emanuel, CEO of Hollywood company Endeavor, is also backing the offer through his investment fund.
Thx. Sam Altman rejected Elon Musk's $97.4 billion bid for
OpenAI. Altman responded to the offer on X (formerly Twitter) with a simple "No thank you," and added a playful jab by saying, "but we will buy Twitter for $9.74 billion if you want," referencing Musk's acquisition of Twitter for $44 billion
1: Altman's original plan is to create a for-profit subsidiary under the non-profit and spin it off from the non-profit, which would turn this for-profit subsidiary into a regular company.
The non-profit will be given equity share of the newly established company
2: Elon's 92B bid is only for non-profit part of the asset (and also all of nonprofit asset)
3: According to the filing, the purpose is to "ensure the proper valudation of the non-profit part of openAI" --- to translate this into layman's term, it means the non-profit OpenAI should be given a controlling part of newly formed for-profit company (>50% voting right)
4: The bid apparently is not just from Elon himself, but a consortium made from
Musk’s own artificial intelligence company xAI (which is already valued at $80B+) Valor Equity Partners Baron Capital Atreides Management Vy Capital and 8VC, a venture firm led by Palantir co-founder Joe Lonsdale. Ari Emanuel, CEO of Hollywood company Endeavor, is also backing the offer through his investment fund.a cause other than his own interest... Not sure if I over-reacted to this but I sense there's sth else to it.
软银上周刚用$40B买了10%的OpenAI。而且有很多主权基金愿意投资，OpenAI 不缺钱。
OpenAI. Altman responded to the offer on X (formerly Twitter) with a simple "No thank you," and added a playful jab by saying, "but we will buy Twitter for $9.74 billion if you want," referencing Musk's acquisition of Twitter for $44 billion
In politics you have enemies . In business you only have competitors . He is going to have a lot of enemies
从其他投资人角度， 让ELON进来，平衡监督， 是求之不得的事。 否则会出事。