Elon Musk: ‘This is illegal’: Elon Musk criticises OpenAI’s shift to for-profit model

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Microsoft-backed OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that its non-profit board will no longer control, Reuters reported, a move which has rubbed Elon Musk the wrong way.Musk, who was among the founders of the artificial intelligence (AI) startup in 2015, took to X, to say, “You can’t just convert a non-profit into a for-profit. That is illegal,” after a user questioned OpenAI’s move.

As part of this restructuring, Sam Altman, the company’s chief executive officer (CEO) is set to…



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Elon Musk: ‘This is illegal’: Elon Musk criticises OpenAI’s shift to for-profit model


Microsoft-backed OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that its non-profit board will no longer control, Reuters reported, a move which has rubbed Elon Musk the wrong way.Musk, who was among the founders of the artificial intelligence (AI) startup in 2015, took to X, to say, “You can’t just convert a non-profit into a for-profit. That is illegal,” after a user questioned OpenAI’s move.

As part of this restructuring, Sam Altman, the company’s chief executive officer (CEO) is set to…



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.

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