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Home»Business»Elon Musk asks US court to block OpenAI’s for-profit conversion
Business

Elon Musk asks US court to block OpenAI’s for-profit conversion

December 1, 2024No Comments2 Mins Read
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Elon Musk has again asked a US court to stop ChatGPT creator OpenAI from turning into a for-profit company, CNBC reported on Saturday.

Lawyers representing the billionaire and his AI startup, xAI, filed the order on Friday, the financial news site reported.

The order also requires OpenAI to stop investors from funding competing companies.

The move is the latest development in a business feud between OpenAI and Musk, who founded the group in 2015 but have since left.

OpenAI has raised its profile in recent years, becoming a star player in the growing field of artificial intelligence.

Musk has complained that OpenAI prohibits its investors from investing in rivals, which would put his startup at a disadvantage in a sector where billions of dollars are at stake.

OpenAI was founded as a non-profit organization and has since transitioned to a for-profit company.

It now wants to become a non-profit public benefit corporation, which could attract more investment.

After leaving in 2018, Musk said he was uncomfortable with the profit-driven direction the company was taking under CEO Sam Altman.

He filed a lawsuit against the company in March, accusing it of violating the nonprofit’s original mission of making AI research available to all.

OpenAI says Musk’s lawsuit, as well as his embrace of open source development for AI, is nothing more than a case of sour grapes after he left the company.

How many degrees of separation are you from the world’s most powerful businessmen? Check out who made our new list The 100 most powerful people in the company. Also, learn about the measurements we used to learn.



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