Tesla and SpaceX CEO Elon Musk, who co-founded OpenAI in 2015 and left the company in 2018, has voiced apprehension about ChatGPT-maker’s transition to a for-profit entity. This reported shift may end up awarding OpenAI CEO Sam Altman a 7% stake in the company.
What Happened: On Wednesday, several media publications reported that OpenAI plans to shift its business model.
The reports were also shared online by social media users.
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Musk also shared one such report saying, “This is deeply wrong.”
A spokesperson for OpenAI responded to some media reports saying that “non-profit is core to our mission and will continue to exist.”
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Why It Matters: Musk’s stance on OpenAI’s for-profit shift is not new. He has multiple times questioned the legality and legitimacy of this alleged transition.
In August this year, he said, “Either turning a non-profit into a for-profit is legal and everyone should be doing it or it’s illegal and OpenAI is a house of cards.”
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The tech billionaire has also filed a lawsuit against ChatGPT-parent, accusing the company of prioritizing commercial gains over its original mission of helping humanity. OpenAI has previously refuted Musk’s allegations about a “founding agreement.”
In a court filing, the company said, “The Founding Agreement is instead a fiction Musk has conjured to lay unearned claim to the fruits of an enterprise he initially supported, then abandoned, then watched succeed without him.”
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This article Elon Musk Isn’t Pleased That Sam Altman Likely To Get 7% Stake After ChatGPT-Parent’s Planned For-Profit Transition Happens: ‘This Is Deeply Wrong’ originally appeared on Benzinga.com
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