Elon Musk slams OpenAI’s for-profit shift, but records show he pushed for it first

Share via:


At the 2025 World Governments Summit, Elon Musk criticised OpenAI for abandoning its nonprofit roots. He said, “OpenAI is going too far by removing its not-for-profit objective. I funded it entirely when it started, nearly $50 million, expecting it to be open source and nonprofit.”

How it started

OpenAI was founded in 2015 with a nonprofit mission. But by 2017, Musk wanted to shift to a for-profit model—on his terms. According to the company, Musk demanded to be CEO, hold 50-60% equity, and control the board.

When OpenAI rejected his demands, he…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Team SNFYI
Hi! This is Admin.

Popular

More Like this

Elon Musk slams OpenAI’s for-profit shift, but records show he pushed for it first


At the 2025 World Governments Summit, Elon Musk criticised OpenAI for abandoning its nonprofit roots. He said, “OpenAI is going too far by removing its not-for-profit objective. I funded it entirely when it started, nearly $50 million, expecting it to be open source and nonprofit.”

How it started

OpenAI was founded in 2015 with a nonprofit mission. But by 2017, Musk wanted to shift to a for-profit model—on his terms. According to the company, Musk demanded to be CEO, hold 50-60% equity, and control the board.

When OpenAI rejected his demands, he…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Team SNFYI
Hi! This is Admin.

More like this

HDMI 2.2 specs are out with ‘Ultra96’, up to...

The HDMI Forum has officially released version 2.2...

ArisInfra Shares List At 8% Discount Over IPO Price

SUMMARY ArisInfra Solutions made their stock market debut today,...

BigBasket’s Secret Moat, Amicus Closes $214 Mn Fund &...

BigBasket’s INR 4,000 Cr Moat Even before Zepto, Blinkit...

Popular

Upcoming Events

dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd dfasd