Elon Musk and Openai go to the court to a non -profit conversion

Auckland, California (Reuters) – Elon Musk and Chatgpt Openai’s attorneys are scheduled to prepare for a MULONAI case to stop converting Openai to a profit entity.

Musk’s request to ban Openai’s conversion is the latest step in a grudging match between the richest person in the world and the CEO of Openai Sam Altman who publicly plays in court.

The session will be held in an American federal court in the northern province of California.

Musk Cofounding Openai with Altman in 2015, but he left before the company took off and then established Ai Startup Xai competing in 2023.

Openai is now trying to move from a non -profit organization to a profitable entity, which he says must be done to secure the capital required to develop the best artificial intelligence models.

Last year, Musk filed a lawsuit against Openai and Altman, saying that the founders of Openai were originally approaching him to finance a non -profit organization that focuses on developing artificial intelligence in favor of humanity, but now focuses on making money.

Later he expanded the lawsuit to add federal monopoly and other claims, and in December he asked the judge who heads the case to prevent Openai from moving to profitability.

In response to the Musk case, Openai said that he will move to the rejection of Musk’s claims and that musk “must compete in the market instead of the courtroom.”

The risks have escalated on companies in Openai, as the last tour of the Openai funds amounting to 6.6 billion dollars and a new round of $ 25 billion in discussion with Softbank, conditional on the company’s restructuring to remove the non -profit organization.

Rose Chan Lowe, CEO of the California University Law Center in Los Angeles in charitable business and non -profit organizations, said that such a restructuring will be very unusual, said Rose Chan Louie, CEO of the California University Law Center in Los Angeles in charitable business and non -profit organizations. She said that non -profit transfers historically for healthcare institutions such as hospitals, not the companies supported by adventurous capital.

(I participated in the reports of Anna Tong in Auckland; edited by Margoreta Choi)

Leave a Comment