OpenAI board unanimously rejects Elon Musk's $97.4 billion proposal
San Francisco (AP): OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.
“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," said a statement Friday from Bret Taylor, chair of OpenAI's board.
OpenAI attorney William Savitt in a letter to Musk's attorney Friday said the proposal “is not in the best interests of OAI's mission and is rejected.”
Musk, an early OpenAI investor, began a legal offensive against the ChatGPT-maker nearly a year ago, suing for breach of contract over what he said was the betrayal of its founding aims as a nonprofit he helped found a decade ago.
Then on Monday, while that case was still awaiting a key ruling, Musk and his own AI startup, xAI, and a group of investment firms announced a bid to buy the nonprofit that controls OpenAI. Musk in a court filing Wednesday expanded on the proposal to acquire the nonprofit's controlling stake in the for-profit OpenAI subsidiary.
Savitt's letter Friday said that filing added “new material conditions to the proposal. As a result of that filing, it is now apparent that your clients' much-publicized bid' is in fact not a bid at all.” In any event, “even as first presented,” the board has unanimously rejected it, Savitt said.
Musk has alleged in the lawsuit that the companies are violating the terms of his foundational contributions to the charity. Musk had invested about $45 million in the startup from its founding until 2018, his lawyer has said.
He escalated the legal dispute late last year, adding new claims and defendants, including OpenAI's business partner Microsoft, and asking for a court order that would halt OpenAI's plans to more fully convert itself into a for-profit business. Musk also added xAI as a plaintiff, claiming that OpenAI was also unfairly stifling business competition.
A judge is still considering Musk's request but expressed scepticism about some of his claims in a court hearing last week.
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19-year-old woman raped by 5 men, including driver of police vehicle, in Chhattisgarh; 2 detained
Korba (Chhattisgarh)(PTI): A 19-year-old woman was allegedly raped by five men, including the driver of police's emergency response service vehicle, in Chhattisgarh's Korba district, police said on Saturday.
Two accused, including the driver of Dial 112 police helpline vehicle, have been taken into custody, they said.
The incident took place on January 8 night under the Bankimongra police station limits when one of the five accused known to the victim called her, a police official here said.
The accused took the girl to a deserted house in Bankimongra, where the driver and four others allegedly took turns to rape her, he said.
After the incident, the accused fled the spot, leaving the victim in an unconscious condition. The victim later managed to reach her home and narrated the ordeal to her family members, who immediately took her to the medical college hospital and later informed the police, he said.
The case was initially registered as a zero FIR at the Civil Lines police station on Friday and later transferred to Bankimongra police station for investigation, he said.
Korba Superintendent of Police Siddharth Tiwari, two accused, including the private driver of 'Dial 112' service have been detained in the case and efforts are on to trace three other accused.
