Musk's court filings assert that OpenAI's assets must remain within a charitable trust and should not be transferred for private gain. That contrasts with his proposed acquisition which seeks to transfer all OpenAI assets to him and his private investors, OpenAI said.

In a court filing on Wednesday, the company said Mr. Musk’s bid contradicted legal claims the billionaire made in a lawsuit he brought against OpenAI last year. OpenAI argued in its filing that Mr. Musk said in his lawsuit the assets must remain with the nonprofit and could not be transferred to another entity for public gain.

Last March, Musk filed a lawsuit claiming OpenAI, a global leader in artificial intelligence innovation which has developed the ChatGPT chatbot, DALL-E image generator and other advanced AI-driven tools, breached promises made in its founding documents and prioritizes profit motive over serving the public good.

Adobe released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge.

New Firefly plans offer access to this commercially safe video generative AI, as well as translation and 3D imaging.