ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/microsoft-backed-openai” target=”_blank”>Microsoft-backed OpenAI is working on a plan to data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com//tech/artificial-intelligence/openai-to-remove-non-profit-control-and-give-sam-altman-equity/articleshow/113683550.cms” target=”_blank”>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 data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/panache/panache-people-101/elon-musk/profileshow/79257472.cms”>Elon Musk the wrong way.Musk, who was among the founders of the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/artificial-intelligence” target=”_blank”>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, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/sam-altman” target=”_blank”>Sam Altman, the company’s chief executive officer (CEO) is set to…
