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Today β€” 27 December 2024Main stream

Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition

27 December 2024 at 13:39

Encode, the nonprofit organization that co-sponsored California’s ill-fated SB 1047 AI safety legislation, has requested permission to file an amicus brief in support of Elon Musk’s injunction to halt OpenAI’s transition to a for-profit company. In a proposed brief submitted to the U.S. District Court for the Northern District of California Friday afternoon, counsel for […]

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OpenAI lays out its for-profit transition plans

27 December 2024 at 06:33

OpenAI says its corporate structure must evolve to advance its mission of ensuring artificial general intelligence (AGI) β€” AI that can complete most tasks humans can β€” benefits all humanity. The company currently has a for-profit org controlled by a nonprofit, with a β€œcapped profit” share for investors and employees. But in a blog post […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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