#Musk Calls for Auction of OpenAI Shares#
Hot Topic Overview
Overview
Elon Musk's fight with OpenAI has escalated further, with his lawyers calling on the California and Delaware Attorneys General to force an auction of OpenAI shares. Musk's lawyers represent large AI investors who want to participate in a public and competitive bidding process for OpenAI equity. OpenAI reportedly has no plans for an auction and believes Musk's move is intended to create chaos.
Ace Hot Topic Analysis
Analysis
Elon Musk's lawyer, Marc Tobolowsky, representing large AI investors, has sent letters to the California and Delaware Attorneys General demanding a forced auction of OpenAI shares. The letter escalates the bitter fight between Musk and OpenAI CEO Sam Altman. Musk's lawyer argues that a public and competitive bidding process is the best way to allow participation in OpenAI equity. However, sources familiar with OpenAI's thinking say there are no such auction plans and that Musk's camp is simply "trying to create more chaos." OpenAI has not yet responded to the matter.
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Public Sentiment
Discussion Word Cloud
Classic Views
Musk demands auction of OpenAI shares, aiming to participate in a public and competitive bidding process for OpenAI equity.
Musk's lawyers, representing large AI investors, sent letters to the California and Delaware Attorneys General demanding a forced auction of OpenAI shares.
OpenAI currently has no plans to auction shares and believes Musk's move is intended to create chaos.
Musk is engaged in a fierce battle with OpenAI CEO Sam Altman.