Now Meta is trying to stop OpenAI’s for-profit conversion too
Meta urges CA Attorney General to block OpenAI's for-profit switch.
Meta Platforms has written to California Attorney General Rob Bonta, advising him to halt OpenAI's transition into a for-profit company. This request comes soon after an injunction by Elon Musk, who also seeks to prevent OpenAI's status change.
Meta argues that OpenAI initially attracted investor funding under a nonprofit premise, which it now aims to alter while keeping the benefits of its original status. Meta suggests such a shift is legally troubling and could set a precedent for similar organizations.
In contrast, OpenAI board chair Bret Taylor argues any restructuring will maintain the nonprofit's core objectives. OpenAI is consulting financial and legal advisors to ensure its nonprofit aspect thrives and benefits from potential profits.