Elon Musk's bid to control OpenAI complicates for-profit transition

Quick Summary:

Now, Altman and OpenAI are pushing to restructure as a more conventional for-profit business — and Musk is using every tool at his disposal to stop it.

Musk, who has since launched a rival AI firm, has fired off angry posts about Altman on his social media platform, filed two lawsuits against the company for allegedly straying from its founding principles and asked a court to block the ChatGPT maker’s restructuring efforts.

Musk has enlisted a group of wealthy allies for an unsolicited $97.4 billion bid to buy the assets of the nonprofit that controls OpenAI.

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Category: BusinessFinance

Markets: India

Topics: OpenAI Sam Altman Elon Musk Lawsuit Artificial intelligence OpenAI founders

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-12 @ 07:08:19 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 952 words

Reading Time: 6 minutes read

Sentences: 35 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 26095997

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