days after it was reported Elon Musk could develop a rival to OpenAI‘S chatGPTThe Tesla And Twitter The CEO expressed confusion over how a not-for-profit became a $30 billion for-profit company.
What happened: Responding to a meme about the co-founder and CEO of OpenAI Sam Altman and his company is no longer “nonprofit or even open,” Musk responded, questioning the legality of that shift.
Musk tweeted, “I’m still confused about how a nonprofit I donated ~$100M to somehow turned into a for-profit market cap of $30B. If that’s legal, why isn’t everyone doing it?”
Musk co-founded OpenAI, the startup that developed ChatGPT. In 2018 he left the organization over some disagreements.
OpenAI did not respond immediately gasoline gas Request for comments.
Why it matters: In 2019, OpenAI ditched its nonprofit status and became a capped profit company, allowing it to “rapidly increase” investments in “computing and talent.”
the same year Microsoft Corporation MSFT first invested in OpenAI. Extension of the same, in January of this year, Microsoft forged a $10 billion investment deal with chatGPT parent.
Musk has repeatedly raised concerns ChatGPT’s “Alertness” and general fear of AI, saying it needs a regulator to keep it in check.
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Continue reading: Elon Musk sparks debate about generative AI and adult content with Grim Reaper memes
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