DeFi Daily News
Monday, June 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Other News Tech

rewrite this title Judge Denies Musk’s Request to Block OpenAI’s For-Profit Plan

Cade Metz by Cade Metz
March 5, 2025
in Tech
0 0
0
rewrite this title Judge Denies Musk’s Request to Block OpenAI’s For-Profit Plan
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

In November, Elon Musk asked a federal court to block OpenAI’s plan to transform itself from a nonprofit into a purely for-profit company.

On Tuesday, a federal judge in San Francisco denied Mr. Musk’s request, calling it “extraordinary.” But the court allowed Mr. Musk to proceed with other aspects of a lawsuit he filed last year against OpenAI and its chief executive, Sam Altman.

Mr. Musk helped create OpenAI as a nonprofit in 2015, along with Mr. Altman and others. In 2018, Mr. Musk left the organization after a battle for control of the company. Mr. Altman then attached OpenAI to a for-profit company so he could raise the billions of dollars needed to build artificial intelligence technologies.

But the nonprofit retained control of the company. Last year, Mr. Altman and his company began working on a plan to shift control of the company from the nonprofit to OpenAI’s investors as a for-profit company.

Soon after, Mr. Musk filed a lawsuit against OpenAI and Mr. Altman, claiming they had breached the company’s founding contract by putting commercial interests ahead of the public good.

Later, Mr. Musk expanded the complaint to include claims that OpenAI had violated antitrust laws by asking investors to agree not to invest in rival companies, including Mr. Musk’s new artificial intelligence company, xAI.

“We welcome the court’s decision,” Lindsey Held, an OpenAI spokeswoman, said in a statement. “Elon’s own emails show that he wanted to merge a for-profit OpenAI into Tesla. That would have been great for his personal benefit, but not for our mission or U.S. interests.”

Earlier this year, Mr. Musk and a consortium of investors escalated his longstanding feud with Mr. Altman by offering to buy the assets of the nonprofit that controls OpenAI for more than $97 billion. OpenAI’s board of directors later rejected the bid.

But the bid could still complicate Mr. Altman’s efforts to separate the company from the nonprofit board and raise the billions of dollars that OpenAI needs to build new technologies.

“We’re pleased the court has offered an expedited trial on the core claims driving this case, which in its words present ‘urgent’ issues in the public’s interest,” Marc Toberoff, the lawyer representing Mr. Musk, said in a statement to The New York Times.

(The New York Times has sued OpenAI and its partner, Microsoft, accusing them of copyright infringement regarding news content related to A.I. systems. OpenAI and Microsoft have denied those claims.)

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BlockDeniesforprofitJudgeMusksOpenAIsPlanrequestrewritetitle
ShareTweetShare
Previous Post

rewrite this title and make it good for SEODollar’s decline and crude price dip may boost India’s market outlook: Sandeep Tandon

Next Post

rewrite this title China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security

Next Post
rewrite this title China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security

rewrite this title China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title He’s spoken to Eustace: Derby now in talks to sign “wonderful” new winger

rewrite this title He’s spoken to Eustace: Derby now in talks to sign “wonderful” new winger

June 30, 2025
rewrite this title XRP Ledger launches EVM sidechain, bridging Ethereum and XRP

rewrite this title XRP Ledger launches EVM sidechain, bridging Ethereum and XRP

June 30, 2025
rewrite this title Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect – Decrypt

rewrite this title Singapore to ‘Thread the Needle’ as Crypto Licensing Rules Take Effect – Decrypt

June 30, 2025
rewrite this title South Korea Halts CBDC Phase 2 Testing Amid Stablecoin Surge and Uncertainty

rewrite this title South Korea Halts CBDC Phase 2 Testing Amid Stablecoin Surge and Uncertainty

June 30, 2025
rewrite this title Why 95% of phishing attacks go unreported in healthcare

rewrite this title Why 95% of phishing attacks go unreported in healthcare

June 30, 2025
rewrite this title Dwayne Johnson inducts “The Smashing Machine” Mark Kerr into UFC Hall of Fame

rewrite this title Dwayne Johnson inducts “The Smashing Machine” Mark Kerr into UFC Hall of Fame

June 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.