Musk Sues to Block OpenAI From Converting to For-Profit

OpenAI’s co-founders secured funds from Musk by promising they would run it as a nonprofit, the complaint alleges.
Musk Sues to Block OpenAI From Converting to For-Profit
A frame of a video generated by a new artificial intelligence tool, dubbed 'Sora,' unveiled by OpenAI, in Paris, on Feb. 16, 2024. Stefano Rellandini/AFP via Getty Images
Naveen Athrappully
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Elon Musk filed a lawsuit against Microsoft-backed OpenAI to prevent the nonprofit entity from transitioning to a for-profit enterprise, claiming that this would contradict his agreement with the company.

OpenAI was co-founded by Musk, along with current CEO Sam Altman and President Greg Brockman. In 2015, Altman approached Musk with plans to form an artificial intelligence (AI) charity, making “express, repeated promises that OpenAI would be and remain a nonprofit dedicated to the development and broad distribution of open and safe AI for the public benefit, not concentrated for shareholder profit,” said the Nov. 29 lawsuit filed at the U.S. District Court for the Northern District of California.
Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.