The tech mogul is unlikely to win. But his goal may be more about making life difficult for the A.I. start-up and its leader, Sam Altman.

Elon Musk doubled down on his fight with Open AI’s Sam Altman, swooping in with a hostile bid.Matt Rourke/Associated Press

We have spent much of the past 24 hours on the telephone trying to get to the bottom of Elon Musk’s hostile bid for Sam Altman’s OpenAI. It was a development in their corporate battle (or soap opera) that few could have seen coming. Altman, who is in Paris at an A.I. summit, hadn’t even seen the offer before rejecting it out of hand.

But what does it mean to make a hostile bid for a nonprofit? How do board members actually balance any fiduciary duties they owe to investors in a for-profit subsidiary versus

Keep reading this article on Andrew Ross Sorkin – Author New York Times.

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