• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Meta backs Musk's lawsuit against OpenAI's profit conversion

user avatar

by Giorgi Kostiuk

a year ago


Meta has urged California's attorney general to reject OpenAI’s request to transition to a for-profit organization, citing potential negative implications for the industry.

Meta's Appeal to California Authorities

Meta warned that a favorable verdict for OpenAI would set a dangerous precedent, allowing startups to easily transition from non-profit to for-profit status. In the letter, Meta highlighted that OpenAI's business model change would have a "seismic effect" on Silicon Valley.

OpenAI's Response to Musk's Lawsuit

OpenAI Chairman Bret Taylor announced that the company will maintain a non-profit arm and undergo restructuring to ensure its goal remains intact. OpenAI noted that Musk was previously aware and supportive of their plan.

The Unlikely Alliance between Musk and Zuckerberg

Despite past rivalries between Zuckerberg and Musk, Meta supports the efforts made by Musk and Shivon Zilis in representing California's interests in this matter. This marks Meta's first public stance on the issue.

The situation around OpenAI and Musk's lawsuit highlights the complex relationships between major players in the AI industry and underscores the importance of transparency in corporate status changes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Nexchain Introduces AI-Driven Layer1 with Revenue Sharing

chest

Nexchain is an AI-focused Layer1 blockchain that combines scalability and user rewards.

user avatarNguyen Van Long

IPO Genie Opens Private Market Opportunities

chest

IPO Genie provides everyday users access to private market and pre-IPO investment data.

user avatarKofi Adjeman

APEMARS APRZ Offers Substantial Returns for Early Investors

chest

APEMARS APRZ is currently offering an incredible opportunity for early investors with its Stage 5 pricing set at 0.000003629, allowing for substantial token acquisition and projected returns of 15,000%.

user avatarSatoshi Nakamura

Quant Price Pulls Back After Failing to Break Resistance

chest

Quant's price has pulled back to 7954 after an unsuccessful attempt to break above the descending channel resistance.

user avatarJesper Sørensen

SEC Clarifies Regulations for Tokenized Securities

chest

The SEC clarifies that tokenized securities are subject to the same federal laws as traditional securities.

user avatarRajesh Kumar

Market Trends Shift as Investors Reassess Durability

chest

Investors are shifting focus from speed to durability in the crypto market, with Zero Knowledge Proof (ZKP) gaining attention.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.