• 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

Market Consolidation Shifts Focus to Structurally Relevant Crypto Assets

chest

As market consolidation continues, analysts are shifting their focus toward structurally relevant crypto assets rather than momentum-driven price movements.

user avatarBayarjavkhlan Ganbaatar

Avalanche Presents Value Opportunity with 91% Markdown

chest

Avalanche is currently trading at $13.91, having dropped 91% from its peak of $144, presenting a significant value opportunity for risk-tolerant investors.

user avatarMohamed Farouk

LiveKit Achieves $1 Billion Valuation Following Major Funding Round

chest

LiveKit has reached a significant milestone with a $1 billion valuation following a $100 million funding round.

user avatarDiego Alvarez

LiveKit's Journey from Open Source Project to AI Unicorn

chest

LiveKit transitioned from an open-source project to a billion-dollar company by addressing the needs of large enterprises.

user avatarElias Mukuru

Zelensky Criticizes Europe's Inaction at Davos

chest

Ukrainian President Volodymyr Zelenskyy criticized European nations for their inaction regarding US policies in Venezuela and Iran during the World Economic Forum in Davos.

user avatarKenji Takahashi

NVIDIA Unveils FlashAttention4 to Boost AI Workloads

chest

NVIDIA unveils FlashAttention4, an advanced attention kernel for Blackwell GPUs, enhancing AI workloads with a 20x speed boost.

user avatarGustavo Mendoza

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.