After Elon Musk, now Meta is trying to block OpenAI from switching to a for-profit model
3 weeks, 5 days ago

After Elon Musk, now Meta is trying to block OpenAI from switching to a for-profit model

Firstpost  

Meta accuses OpenAI of leveraging its nonprofit beginnings to attract substantial investment, only to now seek private gain. Meta contends that OpenAI’s conversion would allow it to unfairly reap benefits built on a charitable foundation The battle over OpenAI’s status highlights a broader debate about the balance between innovation and ethical responsibility in the AI industry. Critics like Meta and Musk argue that OpenAI risks undermining trust in nonprofits by exploiting charitable resources for private benefit. In a letter sent to Attorney General Rob Bonta, Meta argued that OpenAI’s shift would be “wrong” and could set a precedent for other start-ups to exploit charitable status until profitability becomes feasible. Concerns over nonprofit roots Meta’s letter, published in full by The Verge, accuses OpenAI of leveraging its nonprofit beginnings to attract substantial investment, only to now seek private gain.

History of this topic

Musk asks state AGs to auction off OpenAI stake in nonprofit restructuring: Report
1 day, 6 hours ago
OpenAI outlines new for-profit structure to stay ahead in costly AI race
2 weeks ago
OpenAI reveals plans to transition into a ‘for-profit company’
2 weeks ago
OpenAI proposes public benefit corporation model to drive AI development
2 weeks ago
OpenAI fires back at Elon Musk's for-profit lawsuit, claims he wanted to have a for-profit component
3 weeks, 4 days ago
OpenAI fires back at Elon Musk bid to block for-profit conversion
4 weeks ago
Meta urges California attorney general to stop OpenAI from becoming for-profit: Report
4 weeks ago
Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO
4 weeks ago
Musk-OpenAI battle: ChatGPT maker hits back at co-founder’s 'love' for nonprofit structure
4 weeks ago
OpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
4 weeks ago
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4 weeks ago
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Trending News
4 weeks ago
OpenAI's Altman will donate $1 million to Trump's inaugural fund
4 weeks ago
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4 weeks ago
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Trending News
1 month ago
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1 month ago
OpenAI chief 'believes' Elon Musk will not abuse government power
1 month ago
Elon Musk asks US court to block OpenAI's for-profit conversion, alleges anticompetitive practices
Trending News
1 month, 1 week ago
Elon Musk takes Sam Altman's OpenAI to court over for-profit transformation
1 month, 1 week ago
Elon Musk asks US court to block OpenAi's for-profit conversion
1 month, 1 week ago
Musk expands lawsuit against OpenAI, adding Microsoft and antitrust claims
1 month, 3 weeks ago
OpenAI in talks with California to become for-profit company: Report
2 months ago
OpenAI in Talks With California to Become For-Profit Company
2 months ago
OpenAI fires back at Musk over ‘altruism versus greed’ lawsuit
3 months ago
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3 months, 2 weeks ago
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3 months, 3 weeks ago
Elon Musk sues OpenAI & Sam Altman, again, after withdrawing his first lawsuit against AI company
5 months ago
Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
5 months ago
Elon Musk drops lawsuit accusing OpenAI of betraying founding mission
6 months, 4 weeks ago
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7 months ago
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9 months, 4 weeks ago
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10 months ago
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10 months ago
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10 months ago
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10 months, 1 week ago
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10 months, 1 week ago
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10 months, 1 week ago
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10 months, 1 week ago
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10 months, 1 week ago
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1 year, 1 month ago
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1 year, 1 month ago
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1 year, 1 month ago
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1 year, 1 month ago
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1 year, 1 month ago
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55 years ago
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1 year, 4 months ago
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1 year, 5 months ago

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