Elon Musk has again asked a US court to stop ChatGPT-maker OpenAI from converting into a for-profit enterprise, CNBC reported Saturday.
OpenAI started in 2015 as a research-focused nonprofit but created a for-profit unit four years later to secure funding for the high costs of AI development. Its unusual structure gave control of the for-profit unit to the nonprofit and was in focus last year when Sam Altman was fired as ...
“This has always been about competition,” a statement from the company said. “Elon’s own emails show that he wanted to merge a for-profit OpenAI into Tesla. That would have been great for his personal benefit, but not for our mission or U.S. inter...
Lawyers for OpenAI and Musk faced off in a California federal court last week as a judge weighed Musks request for a court order that would block OpenAIs for-profit conversion.The judge hasnt yet ruled on Musks request but in the courtroom said it was a stretch for Musk to claim he will ...
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This has always been about competition, a statement from the company said. Elons own emails show that he wanted to merge a for-profit OpenAI into Tesla. That would have been great for his personal benefit, but not for our mission or U.S. interests.Musk alleges in the lawsuit that the ...
Another coalition of labor leaders and nonprofits recently petitioned state Attorney General Rob Bonta, a Democrat, to investigate OpenAI, halt the proposed conversion and protect billions of dollars that are under threat as profit-driven hunger for power yields conflicts of interest.OpenAI, the maker...
OpenAI originally launched as a nonprofit in 2015, then adopted a “capped-profit” model in 2019 to attract private capital. It had been exploring a full conversion to a for-profit structure to raise the massive funding it says is necessary to expand its operations, particularly in healthcare...
Musk sues to block OpenAI's conversion to a for-profit structure * Musk cofounded OpenAI with Altman in 2015 * OpenAI argues for-profit move needed for capital * Nonprofit to for-profit conversion rare, expert says (Adds judge did not decide whether or not to issue the injunction in paragr...
OpenAI is in talks with Microsoft to transition to a for-profit business structure, potentially impacting their equity stake, cloud provider status, and...