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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Prasidh, Kuldeep limit South Africa to 270 after De Kock's hundred
Visakhapatnam (PTI): India fought back gallantly through Prasidh Krishna and Kuldeep Yadav after Quinton de Kock struck his 23rd hundred, keeping South Africa to a manageable 270 in the third and series-deciding final ODI, here Saturday.
India won the toss after judging the spin of the coin incorrectly 20 times in a row. They had little hesitation in inserting the Proteas into bat, a clear indication of dew factor dominating the thought.
After Arshdeep Singh sent back Ryan Rickelton early, De Kock (106, 89b, 8x4, 6x4) struck his seventh century against India and put on 113 runs off 124 balls with skipper Temba Bavuma (48, 67b) as the visitors moved to a healthy position.
De Kock was severe on Prasidh (4/66), who erred on length continuously in his first spell (2-0-27-0). The left-hander biffed the pacer for 6, 6, 4 in his second over to milk 18 runs.
The 32-year-old quickly pounced on anything that was short, and pacers Prasidh and Harshit offered him plenty of feed on his pet areas.
Bavuma was more sedate, and made runs through those typical dabs and jabs, occasionally unfurling a drive of elan.
De Kock moved to fifty in 42 balls, and never let the tempo down reaching his hundred in 79 balls.
India found temporary relief when Ravindra Jadeja induced a false slash from Bavuma to get caught by Virat Kohli at point.
The tourists got another move on through a 54-run partnership between De Kock and Matthew Breetzkle for the third wicket, and at 168 for two in 28 overs they were in a good position to press on.
But Breetzke's punishment of part-time spinner Tilak Varma forced a rethink in the Indian camp, as skipper KL Rahul brought back Prasidh for a second spell.
What a masterstroke it turned out to be! The Karnataka man broke the back of South Africa’s top and middle order in an exceptional second spell (4-0-11-3).
Breetzke was the first man to go, trapped plumb in front with a straight one and four balls later Aiden Markram uppishly chipped a fuller delivery to Kohli at short covers.
Prasidh soon castled De Kock, whose ugly cross-batted swipe failed to connect a full length delivery from the pacer.
All of a sudden, SA found themselves at a shaky 199 for five, losing three wickets in the space of three overs.
Once Prasidh was done away with the top and middle-order, left-arm wrist spinner Kuldeep (4/41) took over and mopped up the tail as SA fell short of even a par total on this track.
