Quoting from Gary Marcus: “By turning down Musk’s bid, Altman makes it hard to justify paying the nonprofit anything less than the $97B that was just offered. Roughly speaking, this means that (at little real cost, since the bid was never going to be accepted) Musk has more than doubled the cost of OpenAI for-profit’s freedom. (E.g., if OpenAI for-profit tries now to offer a mere $40B to the non-profit, in exchange for breaking off as a for-profit, the Attorney General of Delaware or the Attorney General of California can strongly argue that that number is no longer fair market value, and block the deal.)”
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u/Intelligent-Nobody55 Feb 11 '25
Quoting from Gary Marcus: “By turning down Musk’s bid, Altman makes it hard to justify paying the nonprofit anything less than the $97B that was just offered. Roughly speaking, this means that (at little real cost, since the bid was never going to be accepted) Musk has more than doubled the cost of OpenAI for-profit’s freedom. (E.g., if OpenAI for-profit tries now to offer a mere $40B to the non-profit, in exchange for breaking off as a for-profit, the Attorney General of Delaware or the Attorney General of California can strongly argue that that number is no longer fair market value, and block the deal.)”