Elon Musk Raises Questions On How OpenAI Turned For-Profit

Elon Musk News: Billionaire businessman Elon Musk is wondering as to how OpenAI could transition into a huge for-profit company from being non-profit initially. This comes after recent reports suggested Musk had approached artificial intelligence researches in his pursuit of building a ChatGPT alternative. The Tesla CEO, who had on October 27, 2022 acquired social media company Twitter, was in the founding team of OpenAI and until 2018 he had served in the company’s board of directors.

Also Read: Bitcoin Bull Mike Novogratz: Fed Will Cut Rates Sooner Than We Think

Replicating OpenAI

Musk wondered if it was legal to switch from being non-profit to for-profit, why is it that all non-profit entities do that. He also mentioned his $100 million donation when OpenAI was a non-profit entity. The billionaire recently claimed not having an open stake in the company and having no control over it in any way. He said in a latest tweet,

“I am still confused as to how a non-profit to which I donated nearly $100M somehow became a $30B market cap for-profit. If this is legal, why doesn’t everyone do it?”

In his recent remarks, Musk said governments should regulate the AI space, in that he feels the technology’s usage should be supervised to ensure good use of it.

Also Read: Uniswap Version 3 Goes Live On BNB Chain; Is UNI Token’s Price Poised To Rally?

The artificial intelligence industry gained prominence in recent times after OpenAI’s ChatGPT was made open for public use. This also paved for a new crypto coin category, the artificial intelligence-based cryptocurrencies.

The post Elon Musk Raises Questions On How OpenAI Turned For-Profit appeared first on CoinGape.