No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, June 5, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Musk approached Meta’s Zuckerberg for help in xAI’s attempted OpenAI takeover, filing shows

by TheAdviserMagazine
10 months ago
in Business
Reading Time: 3 mins read
A A
Musk approached Meta’s Zuckerberg for help in xAI’s attempted OpenAI takeover, filing shows
Share on FacebookShare on TwitterShare on LInkedIn



There’s apparently some truth to the saying, “The enemy of your enemy is your friend.”

Elon Musk approached Meta CEO Mark Zuckerberg earlier this year, asking him to help finance xAI’s bid to buy Sam Altman’s OpenAI, according to a court filing released Thursday. The call for help came after a long history of tension between the tech superstars.

After founding OpenAI with Altman in 2015, Musk has taken issue with OpenAI’s closed-source model and its push to become a for-profit entity. Thursday’s filing is part of an ongoing lawsuit Musk filed against OpenAI in federal court in Northern California in August 2024, alleging OpenAI breached its initial contract by favoring business interests over its initial commitment to benefiting humanity. 

Musk doubled down on efforts that were interpreted as preventing OpenAI from rapid growth, making an unsolicited attempt to buy the company for $97.4 billion in February. Beyond the OpenAI board unanimously rejecting the offer, OpenAI called the effort a “sham bid” designed to impede the company’s funding efforts.

Earlier this month, a judge allowed OpenAI to move forward with counterclaims against Musk. On Thursday as part of the claims, OpenAI said in a statement to the court that Musk had approached Zuckerberg regarding a letter of intent “about potentially financial arrangements or investors” in a bid for a hostile takeover of OpenAI. Neither Meta nor Zuckerberg signed the letter of intent, according to the filing.

The filing also subpoenaed Meta to disclose documentation of correspondence with Musk or xAI regarding an intent to buy the startup.

Beyond feeling as though OpenAI had strayed from the mission he helped create for it, Musk had other reasons to want to best the company. He left the startup’s board in 2018, the year before Microsoft pumped $1 billion into the company. Months after Microsoft announced another $10 billion investment in OpenAI in 2023, Musk unveiled xAI as an alternative to ChatGPT.

“I don’t disagree necessarily with his viewpoint that the restructuring of OpenAI as a for profit company is probably not good for humanity,” Amelia Martella, adjunct professor and executive director of Fordham University’s Corporate Law Center, told Fortune. “At the same time, he is probably looking to control all of the successful AI companies. So there’s a mixed motive for sure.”

Meta’s next moves

Meta, on the other hand, has carried out its own campaign to gain an edge over OpenAI, restructuring its AI division with a focus on building a superintelligence team and poaching key AI architects, including former OpenAI employees. According to Altman, Meta offered $100 million signing bonuses to recruit talent from its rival.

Musk’s own apparent approach to Zuckerberg in his bid for OpenAI defies nearly a decade of hostility between the two tech founders, beginning in 2016 when a SpaceX rocket explosion destroyed a Facebook satellite on board. The beef continued through last year, when Musk challenged Zuckerberg to a cage match.

Meta objected to the request for documents as “overly burdensome,” according to the filing. 

“Meta’s documents can hold no evidence of ‘coordination’ with Musk, or of Meta’s purported attempt to purchase OpenAI, or of any other relevant information when Meta did not join Musk’s bid,” Meta’s statement in the court filing said. “Meta’s communications (if any) with entities that did join the bid also hold little to no relevance, and in any event, should be sought from those entities, not Meta, which did not participate.”

Meta and Musk’s attorney Marc Toberoff did not respond to Fortune’s request for comment.

Meta will likely try to narrow the scope of the subpoena because it takes effort and time to turn over documentation, and because the company may feel OpenAI’s grievances should remain with Musk, Martella said.

“Musk is leading the charge here. That’s not surprising,” she said. “We don’t know what [Meta’s] role is here and how far along in the process they’ve gotten, so they may just not want to bother fully responding to subpoenas when they have not really been the one leading the charge.”

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.



Source link

Tags: approachedAttemptedfilingMetasMuskOpenAIshowstakeoverxAIsZuckerberg
ShareTweetShare
Previous Post

Court approves Ripple, SEC’s stipulation to dismiss appeal in XRP case

Next Post

The Wild, Wild West of legal tech

Related Posts

edit post
Mastercard CEO: Spending growth has been happening across all income bands

Mastercard CEO: Spending growth has been happening across all income bands

by TheAdviserMagazine
June 5, 2026
0

Friday's hot jobs report for May shines the light on another key surprise: The consumer is hanging tough despite higher...

edit post
Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG

Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG

by TheAdviserMagazine
June 5, 2026
0

GQG Partners has pared its holdings in two Adani Group companies through block deals worth about Rs 5,750 crore, with...

edit post
Glee star Jane Lynch says career success isn’t about a 10-year plan: ‘Life has its own timeline’

Glee star Jane Lynch says career success isn’t about a 10-year plan: ‘Life has its own timeline’

by TheAdviserMagazine
June 5, 2026
0

Jane Lynch may be a Hollywood mainstay today, but the Glee star had no career plan after college and didn’t...

edit post
A Big Win for Trump in The Senate

A Big Win for Trump in The Senate

by TheAdviserMagazine
June 5, 2026
0

But a handful of Republicans either joined Democrats or strongly considered doing so, and this first vote of the day...

edit post
The contradiction of ‘monoculture’: the word Americans now use to mourn Colbert’s finale and describe how AI is damaging creative output

The contradiction of ‘monoculture’: the word Americans now use to mourn Colbert’s finale and describe how AI is damaging creative output

by TheAdviserMagazine
June 5, 2026
0

When “The Late Show with Stephen Colbert” aired its final episode on May 21, 2026, critics lamented more than the...

edit post
New Study Shows More Armed Civilians and Less Crime – Who Knew?

New Study Shows More Armed Civilians and Less Crime – Who Knew?

by TheAdviserMagazine
June 5, 2026
0

At the core of the ongoing debate between pro- and anti-gun rights activists are statistics. Both sides use crime statistics...

Next Post
edit post
The Wild, Wild West of legal tech

The Wild, Wild West of legal tech

edit post
History shows colossal capex from AI giants like Amazon and Meta could lead to underperformance in their stock

History shows colossal capex from AI giants like Amazon and Meta could lead to underperformance in their stock

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
Red Snapper Used as Cudgel by Fed Judge

Red Snapper Used as Cudgel by Fed Judge

May 31, 2026
edit post
10 Cheapest High Dividend Stocks With P/E Ratios Under 10

10 Cheapest High Dividend Stocks With P/E Ratios Under 10

April 13, 2026
edit post
Mastercard CEO: Spending growth has been happening across all income bands

Mastercard CEO: Spending growth has been happening across all income bands

0
edit post
Buy 1 Rental Every 2 Years and Watch What Happens

Buy 1 Rental Every 2 Years and Watch What Happens

0
edit post
Social Constructs and Spontaneous Order

Social Constructs and Spontaneous Order

0
edit post
Boost Mobile Review – No-Contract 5G Plans Starting at /Month

Boost Mobile Review – No-Contract 5G Plans Starting at $25/Month

0
edit post
Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

0
edit post
Kubera Health Raises .5M to Give Payors and Providers a Shared Source of Truth on Every Payment – AlleyWatch

Kubera Health Raises $6.5M to Give Payors and Providers a Shared Source of Truth on Every Payment – AlleyWatch

0
edit post
Mastercard CEO: Spending growth has been happening across all income bands

Mastercard CEO: Spending growth has been happening across all income bands

June 5, 2026
edit post
Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

June 5, 2026
edit post
Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG

Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG

June 5, 2026
edit post
Glee star Jane Lynch says career success isn’t about a 10-year plan: ‘Life has its own timeline’

Glee star Jane Lynch says career success isn’t about a 10-year plan: ‘Life has its own timeline’

June 5, 2026
edit post
Grayscale Files For Canton Coin ETF After Hyperliquid ETF Success

Grayscale Files For Canton Coin ETF After Hyperliquid ETF Success

June 5, 2026
edit post
Kubera Health Raises .5M to Give Payors and Providers a Shared Source of Truth on Every Payment – AlleyWatch

Kubera Health Raises $6.5M to Give Payors and Providers a Shared Source of Truth on Every Payment – AlleyWatch

June 5, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Mastercard CEO: Spending growth has been happening across all income bands
  • Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise
  • Rs 5,750 crore Adani block deal: SBI Mutual Fund picks stake from GQG
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.