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OpenAI Reinforces Nonprofit Control

Elon Musk to go ahead with lawsuit against OpenAI despite nonprofit control statement, lawyer says

Elon Musk plans to proceed with his highly watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours after the AI startup dialed back its earlier plan to remove control by its non-profit arm.

TechRepublic · 1h

OpenAI Backtracks, Says Nonprofit Will Retain Control: How Did Musk & Microsoft Respond?

OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and state officials.

Mashable on MSN · 1h

Elon Musk to OpenAI: The lawsuit is still on

Even though OpenAI walked back its decision to convert to a traditional for-profit, Elon Musk is going ahead with his lawsuit against the company. "Nothing in today’s announcement changes the fact that OpenAI will still be developing closed-source AI for the benefit of Altman,

OpenAI Ditches For-Profit Ambitions

TheWrap on MSN · 4h

OpenAI Ditches For-Profit Ambitions After Elon Musk Rips Sam Altman Over Plan

OpenAI, the parent company of ChatGPT, has ditched its push to become a for-profit company after heavy criticism from Elon Musk

The Financial Times · 23h

OpenAI ditches plan to convert to for-profit business

OpenAI on Monday said it would instead change the status of its for-profit subsidiary. That will mean investors in the company, which include Microsoft, and employees will own conventional equity stakes rather than an entitlement to a share of profits,

Nieman Journalism Lab · 1h

OpenAI has abandoned its plan to become a for-profit company

OpenAl’s nonprofit board — the one that briefly fired CEO Sam Altman — will continue to oversee its commercial subsidiary, which is being changed from a capped, for-profit business to a public benefit corporation (PBC) like Anthropic and xAI.

1hon MSN

What OpenAI’s restructuring plan means for its corporate future

OpenAI's new restructuring plan has implciations for its corporate future, especially if the organization hopes to one day ...

OpenAI thinks it has defused its multibillion-dollar time bomb

OpenAI needs to restructure itself or lose billions of dollars. It thinks it has a new solution. Experts are skeptical.

20hon MSN

After backlash, OpenAI says company will remain under non-profit control

OpenAI said Monday its nonprofit wing will keep control over for-profit operations after initial plans to convert the company ...

9hon MSN

Elon Musk to keep lawsuit against OpenAI despite nonprofit control statement, lawyer says

(Reuters) -Elon Musk plans to proceed with his highly-watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday ...

The Information4d

Judge Throws Out Some of Musk’s Claims Against OpenAI

U.S. District Court Judge Yvonne Gonzalez Rogers, who is overseeing Elon Musk’s breach of charitable trust lawsuit against OpenAI, dismissed 11 of the 16 claims under consideration for a trial next ...

4don MSN

Microsoft may partner with ally ChatGPT-maker OpenAI's 'Enemy No. 1', Elon Musk

Microsoft is reportedly in talks to host Elon Musk's Grok AI model on its Azure cloud service, potentially straining its ...

PCMag on MSN22h

OpenAI Backpedals on For-Profit Push

Facing a lawsuit from Elon Musk, regulatory probes, and pushback from civic leaders, OpenAI says the nonprofit will remain in ...

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