Now Meta is trying to stop OpenAI’s for-profit conversion too

Now Meta is trying to stop OpenAI’s for-profit conversion too
engadget.com

by Cheyenne MacDonald • 1 month ago

Meta Platforms has urged California Attorney General Rob Bonta to block OpenAI's transition to a for-profit company, arguing it could lead to a rise in similar ventures misusing charitable status for profit. Meta claims OpenAI benefited from its nonprofit status and should not reallocate assets for private gain. The letter follows Elon Musk's injunction against the conversion. OpenAI's board chair stated any restructuring would maintain the nonprofit's existence and mission.

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