Tesla CEO Elon Musk criticized OpenAI's potential shift from a non-profit to a for-profit model, calling it "illegal." His comments came after reports suggested OpenAI might restructure into a for-profit benefit corporation, possibly giving CEO Sam Altman a 7% equity stake. While OpenAI’s non-profit arm would retain a minority stake, the new structure aims to attract investors and manage AI risks under fresh governance. The company’s for-profit valuation could reach $150 billion. This news follows key leadership changes, including the departure of CTO Mira Murati. OpenAI’s restructuring timeline remains unclear.
9/26/2024 4:02:17 PM (GMT+1)
Elon Musk criticizes OpenAI's plans to convert into a for-profit company with Sam Altman holding a 7% stake and a valuation of $150B, calling it "illegal" 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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