A group of investors led by Elon Musk is offering about $97.4 billion to buy OpenAI, escalating a legal dispute with the artificial intelligence company that Musk helped found.
Musk and his own AI startup, xAI, and a consortium of investment firms want to take control of the ChatGPT maker and revert it to its original charitable mission as a nonprofit research lab, according to Musk’s attorney Marc Toberoff.
OpenAI CEO Sam Altman quickly rejected the deal on Musk’s social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.”
Musk bought Twitter, now called X, for $44 billion in 2022.
Musk and Altman, who together helped start OpenAI in 2015 and later competed over who should lead it, have been in a long-running feud over the startup’s direction since Musk resigned from its board in 2018.
Musk, an early OpenAI investor and board member, sued the company last year, first in a California state court and later in federal court, alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good. Musk had invested about $45 million in the startup from its founding until 2018, Toberoff has said.
Musk and OpenAI lawyers faced off in a California federal court last week as a judge weighed Musk’s request for a court order that would block the ChatGPT maker from converting itself to a for-profit company.
US District Judge Yvonne Gonzalez Rogers hasn’t yet ruled on Musk’s request but in the courtroom said it was a “stretch” for Musk to claim he will be irreparably harmed if she doesn’t intervene to stop OpenAI from moving forward with its planned for-profit transition.
But the judge also raised concerns about OpenAI and its relationship with business partner Microsoft and said she wouldn’t stop the case from moving to trial as soon as next year so a jury can decide.
“It is plausible that what Mr. Musk is saying is true. We’ll find out. He’ll sit on the stand,” she said.
Along with Musk and xAI, others backing the bid announced Monday include Baron Capital Group, Valor Management, Atreides Management, Vy Fund, Emanuel Capital Management and Eight Partners VC.
Toberoff said in a statement that if Altman and OpenAI’s current board “are intent on becoming a fully for-profit corporation, it is vital that the charity be fairly compensated for what its leadership is taking away from it: control over the most transformative technology of our time.”
Musk’s attorney also shared a letter he sent in early January to the attorneys general of California and Delaware.
“As both your offices must ensure any such transactional process relating to OpenAI’s charitable assets provides at least fair market value to protect the public’s beneficial interest, we assume you will provide a process for competitive bidding to actually determine that fair market value,” Toberoff wrote, asking for more information on the terms and timing of that bidding process.
Elon Musk-led group proposes buying OpenAI for $97.4bn. OpenAI CEO says ‘no thank you’
https://arab.news/2qvhd
Elon Musk-led group proposes buying OpenAI for $97.4bn. OpenAI CEO says ‘no thank you’
- Musk had invested about $45 million in the startup from its founding until 2018
Police evict hundreds of migrants who had been squatting in Paris theater
- Officers began their operation shortly before 6 a.m. at the Gaite Lyrique theater
- The migrants had occupied the concert and arts venue as part of their demands for shelter
Officers began their operation shortly before 6 a.m. (0500 GMT) at the theater, where hundreds of demonstrators had gathered to protest against the eviction.
Since December 10, the migrants, including many unaccompanied minors, had occupied the concert and arts venue as part of their demands for shelter, leading the Gaite Lyrique management to suspend its operations on December 17.
A large banner on the Gaite Lyrique read: “400 lives at risk, 80 jobs under threat.”
“Shame, shame, shame to authorities who are at war with isolated minors,” demonstrators chanted in front of the theater in solidarity with the migrants, urging local authorities to provide sustainable housing to them rather than force them out.
Police briefly used tear gas at the start of their operation, but overall the evacuation proceeded without any major incidents or clashes.
“We had nowhere to go, we needed a shelter during the cold winter nights. So we had no choice but to occupy the Gaite Lyrique,” said Dialo Aimmedou, who said he was 16 and arrived in France in October 2024.
Paris Mayor Anne Hidalgo told France Inter radio on Tuesday that the evacuation had to be done, and that emergency housing had been offered to the migrants.
“At this stage this was the thing to do because the situation was becoming complicated, tense and dangerous inside,” she said.
South Korea tightens security for opposition leader over suspected plot, Yonhap reports
- Move comes after the Democratic Party had last week urged police to ramp up security for Lee Jae-myung
- Some main opposition party lawmakers were tipped off about an assassination plot targeting Lee
SEOUL: South Korean police started on Tuesday providing additional security for the leader of the main opposition Democratic Party, after lawmakers had warned of a potential assassination plot targeting Lee Jae-myung, the Yonhap News Agency reported.
The move comes after the party had last week urged police to ramp up security for Lee after some of its lawmakers said they were tipped off about an assassination plot against him.
Police did not immediately respond to a request for comment.
In January last year, Lee was stabbed in the neck by a man who lunged at him with a knife after asking for his autograph.
The man was sentenced to 15 years in prison, according to media reports.
Tensions have been running high in South Korea since President Yoon Suk Yeol briefly imposed martial law last December, triggering the country’s worst political crisis in decades.
His martial law imposition and its fallout have widened deep social rifts between conservatives and liberals and put pressure on institutions.
Yoon faces a criminal trial on charges of insurrection, while the Constitutional Court is also expected to rule in coming days on whether to uphold his impeachment and permanently strip him of his powers.
Police have been preparing for the risk of clashes, with both Yoon’s supporters and his opponents are due to hold large rallies when the court makes its decision.
South Korea’s acting President Choi Sang-mok repeated on Tuesday a call for citizens to accept and respect the court’s ruling.
Hundreds of Yoon supporters stormed a court building in January after his detention was extended, smashing windows and other items, an attack the acting leader called “unimaginable.”
Bangladesh rebukes US spy chief over religious violence remarks
- Washington’s intelligence chief Tulsi Gabbard arrived this week for a diplomatic trip to India
- New Delhi has repeatedly accused its Muslim-majority neighbor of failing to adequately protect its minority Hindu citizens
DHAKA: Bangladesh has rebuked Washington’s intelligence chief Tulsi Gabbard, saying her comments on religious violence in the South Asian country were unfounded and risked fanning sectarian tensions.
Gabbard arrived this week for a diplomatic trip to India, whose relations with Bangladesh have soured since a student-led uprising overthrew the latter nation’s government last year.
New Delhi has repeatedly accused its Muslim-majority neighbor of failing to adequately protect its minority Hindu citizens – charges denied by the caretaker administration now in charge.
But Gabbard appeared to give credence to the claims when she was asked about violence in Bangladesh during a Monday interview with Indian broadcaster NDTV.
“The long-time unfortunate persecution, killing, and abuse of religious minorities... have been a major area of concern for the US government,” she said in response.
She added that the issue, along with Islamist extremism, remained “central focus areas of concern” and said the Trump administration has already raised them with the Bangladeshi government.
Bangladesh responded in a statement late Monday that Gabbard’s comments were both “misleading” and “damaging” to the country’s image and reputation.
“Political leaders and public figures should base their statements, especially on sensitive issues, on actual knowledge and take care not to reinforce harmful stereotypes, fan fears, or potentially stoke sectarian tensions,” the statement said.
Hindus make up about eight percent of Bangladesh’s 170 million people.
In the chaotic days following the August ouster of autocratic ex-premier Sheikh Hasina, there was a string of attacks on Hindus – seen by some as having backed her rule.
The caretaker government that replaced her has insisted that many of those attacks were motivated by politics rather than religion.
It has also accused India’s media and government of spreading disinformation exaggerating threats to Bangladeshi Hindus.
Gabbard met with Indian Prime Minister Narendra Modi in Washington last month soon after her confirmation as director of national intelligence under President Donald Trump.
The pair met again on Monday and Gabbard used a speech to a geopolitical conference in New Delhi to praise the enduring partnership between the United States and India.
“I am confident that this partnership and friendship between our two nations and our leaders will continue to grow and strengthen,” she added.
India orders curfew after violence over tomb of 17th-century Muslim ruler
- Violence in the central Indian city of Nagpur damaged many vehicles and injured several people
- Situation escalated after several members of Muslim groups marched near a police station and threw stones at police
MUMBAI: Authorities clamped indefinite curfew on parts of the Indian city of Nagpur after more than a dozen police officers were hurt in clashes sparked by a Hindu group’s demand for the removal of the tomb of a 17th-century Mughal ruler, police said on Tuesday.
Monday’s violence in the central Indian city damaged many vehicles and injured several people, among them at least 15 police personnel, one of whom was in serious condition, a police officer said, speaking on condition of anonymity.
Devendra Fadnavis, chief minister of the western state of Maharashtra, where the city is located, criticized the violence in a video message, calling for every effort to maintain law and order.
“I have told the police commissioner to take whatever strict steps are necessary,” Fadnavis added.
Police said in a statement that members of the group, the Vishva Hindu Parishad (VHP), burnt an effigy of the Emperor Aurangzeb and his tomb as they chanted slogans demanding its removal from the nearby city of Aurangabad.
The police officer said the situation escalated after several members of Muslim groups marched near a police station and threw stones at police.
The attackers, wearing masks to hide their faces, carried sharp weapons and bottles, a resident of the area told the ANI news agency, in which Reuters has a minority stake.
The VHP denied accusations of engaging in any violence. It wants the tomb to be replaced with a memorial for rulers from the local Maratha community, its general secretary, Milind Parande, said in a video message.
Nagpur is also the headquarters of the Rashtriya Swayamsevak Sangh (RSS), the ideological parent of Prime Minister Narendra Modi’s Bharatiya Janata Party. The VHP belongs to the same family of organizations.
Modi’s critics have often accused him of discriminating against Muslims, and failing to act against those targeting them. He and his government have denied the accusations.
Strange foam and dead fish wash ashore at 2 Australian beaches as surfers fall sick
- The goverment closed Waitpinga Beach and neighboring Parsons Beach on Monday. Dozens of dead fish have reportedly been washed shore
- Surfers have been complaining since the weekend of getting sore eyes, sore throats and coughing after contact with the water
MELBOURNE: An Australian state closed two beaches after dead fish and an unusual off-white foam washed ashore while surfers reported feeling unwell, officials said on Tuesday.
A microalgal bloom created by unusual weather conditions was suspected to have sickened humans and marine life as well as creating the foam that has covered hundreds of meters (yards) of coastline, South Australian Environment Protection Authority principal scientific officer Sam Gaylard said.
“It is very concerning,” Gaylard told Australian Broadcasting Corp.
“It is unusual at this scale. At this time of year, when the weather conditions allow, we do occasionally get isolated blooms, but something of this scale is definitely a little bit unusual,” Gaylard added.
Waitpinga Beach and neighboring Parsons Beach, both south of the South Australia state capital Adelaide, have been closed to the public since Monday in response to a “fish mortality event in the area,” the Department for Environment and Water said in a statement.
“The beaches will be re-opened as soon as possible,” the department said.
Dozens of dead fish have reportedly been washed shore.
Surfers have been complaining since the weekend of getting sore eyes, sore throats and coughing after contact with the water, said local Anthony Rowland, who surfed at Waitpinga on Saturday.
“While we were out there, we started coughing,” Rowland said, refering to his surfing comrads. He said he was overwhelmed by the response from other surfers after posting his experience online.
“Lots of people reached out – so many people have said they’re had exactly the same symptoms,” Rowland said.
Marine scientists took water samples from the foam, which is a byproduct of the toxic organisms’ decay, on Monday, but it could take until the end of the week to identify the organism, Gaylard said.
A bloom of microalgae – microscopic, single-celled organisms – could have been caused by a recent extended period of hot and dry weather with little wind and low tides, Gaylard said.
A swell has picked up in the area since Sunday, and the turbulence could break up the algae while generating more foam, he said.
“At the moment, we’re not sure how long this will last,” Gaylard said.
