OpenAI emails show Elon Musk wanted for-profit structure in 2017
Publishing timestamp: 2024-12-13 16:08:23
Summary
OpenAI claps back at Elon Musk, one of its co-founders, after he asked federal court to stop the company from converting to a fully for-profit business. Musk had pushed for a for-profit structure back in 2017 but disagreements about equity and control led to talks falling apart. OpenAI has since raised billions in funding and is in the process of converting into a fully for-profit public benefit corporation amidst legal feuds with Musk and others. Musk has accused OpenAI of violating federal racketeering laws and antitrust laws. Microsoft, a major investor in OpenAI, has also faced scrutiny over its influence in the AI industry.
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Keywords: technology, elon musk, meta platforms inc, sam altman, microsoft corp, artificial intelligence, business news, amazon.com inc, tesla inc, breaking news: technology, generative ai,
Source: https://www.cnbc.com/2024/12/13/openai-says-elon-musk-wanted-it-to-be-for-profit-in-2017.html