Official announcements from the California and Delaware Attorneys-General offices or reputable news sources

Elon Musk Calls for California and Delaware to Auction OpenAI Stake, Citing Potential Tens of Billions in Value

Jan 9, 2025, 06:05 PM

Elon Musk has urged the attorneys-general of California and Delaware to compel OpenAI to auction a substantial stake in the company. This call comes as OpenAI seeks to transition into a public benefit corporation. Musk's lawyer, Marc Toberoff, emphasized the potential for tens of billions in value from the auction, representing the interests of significant artificial intelligence investors. Musk, who co-founded OpenAI, has had ongoing disagreements with the company's CEO, Sam Altman, regarding its direction and governance.