Meta asks the US government to block OpenAI’s switch to a for-profit

Meta asks the US government to block OpenAI’s switch to a for-profit
theverge.com

by Alex Heath • 2 months ago

Meta has requested California Attorney General Rob Bonta to block OpenAI's transition from a nonprofit to a for-profit entity, arguing it violates legal obligations regarding assets raised as a charity. Meta claims this shift could disrupt Silicon Valley by encouraging startups to misuse nonprofit status for private profit. OpenAI, which became commercially successful with ChatGPT, asserts that restructuring is necessary for attracting investment while maintaining its commitment to public good.

Summarized in 80 words

Latest AI Tools

More Tech Bytes...