'This is illegal': Elon Musk criticises OpenAI's shift to for-profit model
Microsoft-backed OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that its non-profit board will no longer control, Reuters reported, a move which has rubbed Elon Musk the wrong way.
Musk, who was among the founders of the artificial intelligence (AI) startup in 2015, took to X, to say, “You can’t just convert a non-profit into a for-profit. That is illegal,” after a user questioned OpenAI’s move.
As part of this restructuring, Sam Altman, the company's chief executive officer (CEO) is set to receive equity for the first time in the for-profit company, which could be worth $150 billion after the restructuring as it also tries to remove the cap on returns for investors.
Musk has been active on X since the report was released, mocking Altman and calling him «the little finger», a comment on three senior executives leaving the company.
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