{
Shivon Zilis

People

}
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001122334455554433221100

judge rejects musk's bid to block openai's for-profit transformation

A federal judge in California has denied Elon Musk's attempt to block OpenAI's transition to a for-profit entity, stating that the plaintiffs did not meet the burden of proof for such an extraordinary request. While Musk's lawsuit can proceed, he has criticized OpenAI's shift as a "total scam" and offered to buy control of the nonprofit for $97.4 billion, which OpenAI's CEO Sam Altman dismissed as a tactic to hinder competition. OpenAI plans to establish a public benefit corporation to oversee its commercial operations while still being governed by a nonprofit parent.
CNBC
United States Dollar USA Sam Altman Shivon Zilis Marc Toberoff Elon Musk Show more
Regulatory & Legal, News Article
01:53 05.03.2025
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