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

Economic TimesEconomic Times Ā· 21d
Elon Musk asks US court to block OpenAI's for-profit conversion

Elon Musk has filed an injunction to stop OpenAI, the company he co-founded in 2015, from becoming a for-profit enterprise and allegedly preventing its investors from funding competing companies. Musk's AI startup, xAI, claims that these actions put them at a disadvantage in a highly competitive industry. OpenAI, which has become a prominent player in artificial intelligence, has transitioned from a non-profit to a for-profit entity and is seeking to become a for-profit public benefit corporation. Musk had previously expressed discomfort with the company's profit-driven direction and filed a lawsuit against OpenAI earlier this year. OpenAI argues that Musk's actions are driven by personal resentment.

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