TNB Tech Minute: Musk Says He’ll Pull OpenAI Bid If It Stays a Nonprofit
WSJ Tech News Briefing
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Learn more at schwab.com slash trading. Here's your TNB Tech Minute for Thursday, February 13th. I'm Julie Chang for The Wall Street Journal.
Elon Musk says he will withdraw his $97.4 billion bid for OpenAI if it stops plans to convert into a for-profit company. That's according to a court filing. An OpenAI spokesman declined to comment, but the ChatGPT developer has said it needs to change from a non-profit to keep raising capital so that it can develop advanced artificial intelligence.
After Musk made his unsolicited bid on Monday, OpenAI CEO Sam Altman and chairman Brett Taylor said they weren't interested in selling.
A group of major publishers are suing AI startup Cohere for copyright and trademark infringement. The Atlantic, Politico, and Vox are part of the group of publishers who say Cohere is improperly using at least 4,000 copyrighted works to train its large language model. A Cohere spokesman said the company stands by its practices for training its tech and that they have, quote, long-prioritized controls that mitigate the risk of IP infringement.
And Jeff Bezos' space company, Blue Origin, will lay off about 10% of its workforce. CEO Dave Limp told staff in a note today that rapid hiring over the past few years left the company with too much bureaucracy and not enough focus. He said employees in engineering, project management, and research and development would be let go, and the production would thin out layers of management. For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.
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