Connect with us

Hi, what are you looking for?

Fibonacci Tech News

OpenAI says Elon Musk wanted ‘absolute control’ of the company

Illustration by Kristen Radtke / The Verge; Getty Images

OpenAI has responded to Elon Musk’s lawsuit by saying that he at one point wanted “absolute control” of the company by merging it with Tesla.

In a blog post published on Tuesday, OpenAI said it will move to dismiss “all of Elon’s claims” and offered its own counter-narrative to his account of the company abandoning its original mission as a nonprofit.

“As we discussed a for-profit structure in order to further the mission, Elon wanted us to merge with Tesla or he wanted full control,” including “majority equity, initial board control, and to be CEO,” according to the post, which is authored by OpenAI co-founders Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, and Wojciech Zaremba. “We couldn’t agree to terms on a for-profit…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...

Fibonacci Tech News

Image: Brazil Climate Summit At the moment I arrived at the Brazil Climate Summit event, it felt like home to me. As I opened...