Elon Musk’s attorney, Marc Toberoff, has urged attorneys general in California and Delaware to push OpenAI to auction off a significant stake in the company, according to sources familiar with the matter.

This request aims to assess the fair value of OpenAI’s charitable assets as the company restructures to separate its for-profit business and non-profit operations.

Toberoff emphasized the need for competitive bidding to protect the public’s interest in OpenAI’s charitable assets.

This request follows OpenAI’s move to form a public benefit corporation to support fundraising efforts.

A court decision on Musk’s request for a preliminary injunction is expected later this month.

Recent OpenAI developments