Connect with us

Hi, what are you looking for?

Tech News

Meta asks the US government to block OpenAI’s switch to a for-profit

Graphic collage of Mark Zuckerberg.
Mark Zuckerberg. | Image: Cath Virginia / The Verge; Getty Images

Meta is asking California Attorney General Rob Bonta to block OpenAI’s planned transition from a non-profit to for-profit entity.

In a letter sent to Bonta’s office this week, Meta says that OpenAI “should not be allowed to flout the law by taking and reappropriating assets it built as a charity and using them for potentially enormous private gains.”

The letter, which was first reported on by The Wall Street Journal and you can read in full below, goes so far as to say that Meta believes Elon Musk is “qualified and well positioned to represent the interests of Californians in this matter.” Meta supporting Musk’s fight against OpenAI is notable given that Musk and Mark Zuckerberg were talking about literally fighting in a cage match just last year.

OpenAI started as a non-profit but stumbled into commercial success with ChatGPT, which now makes billions of dollars a year in revenue. CEO Sam Altman has been clear that the company needs to shed its non-profit status to become more attractive to investors and continuing funding its ambitions. The stakes are so high that OpenAI will have to return the billions of dollars it raised this year (with interest) if it can’t successfully…

Read the full story at The Verge.

You May Also Like

Politics

Sen. Bernie Sanders, I-Vt., said he is looking forward to working with the Trump Administration and hopes that President-elect Donald Trump sticks to his...

Politics

President-elect Trump selected Robert F. Kennedy Jr. to lead the U.S. Department of Health and Human Services (HHS).  ‘I am thrilled to announce Robert...

Tech News

Image: Cath Virginia / The Verge A group of state attorneys general are pushing Congress to pass the Kids Online Safety Act (KOSA), which has...

Editor's Pick

No matter how you slice it, small and mid caps have been absolutely crushed on a relative basis since 2021. The unfortunate part about...