BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

OpenAI Leaks Insider Drama Between Elon Musk Dating Back to 2017

by Sham
December 13, 2024
in Business, Technology
A A
OpenAI Leaks Insider Drama Between Elon Musk Dating Back to 2017
2
SHARES
Share on TwitterShare on Reddit
  • OpenAI published emails and text messages showing that Elon Musk pushed for the company to adopt a for-profit structure as early as 2017, contradicting his recent legal claims.
  • Musk created a public benefit corporation called Open Artificial Intelligence Technologies Inc. in 2017 as part of failed negotiations to take control of OpenAI and convert it to a for-profit entity.
  • After failing to gain majority equity and control, Musk walked away from OpenAI in early 2018 and told them they would fail, before later launching his own AI company called xAI as a competitor.

In today’s blog post, we delve into the revelation that Elon Musk, one of the co-founders of OpenAI, had intended for the company to adopt a for-profit structure as early as 2017, based on screenshots of emails released by the company. This comes in the wake of Musk’s legal battle to prevent OpenAI from transitioning into a fully for-profit entity.

JUST IN: OpenAI releases insider drama between itself and Elon Musk leading up to the launch of xAI

"Elon said OpenAI was on a path for certain failure unless we merged into Tesla" pic.twitter.com/Tq2NJwCiTk

— BlockNews (@blocknewsdotcom) December 13, 2024

Elon Musk’s Early Vision for OpenAI

In 2017, Musk had proposed a for-profit structure for OpenAI, a leading AI research lab. This revelation contradicts Musk’s recent legal action, wherein he sought to prevent OpenAI from becoming a fully for-profit business. Musk’s proposal, however, did not come to fruition as he did not receive majority equity and full control of the company and subsequently decided to walk away.

Musk’s New AI Venture and OpenAI’s Response

Following the launch of Musk’s new AI company, xAI, in July 2023, OpenAI has been facing increased competition. Despite this, the company continues to thrive, thanks to the viral spread of its ChatGPT bot. Musk’s assertion that OpenAI’s non-profit model was suboptimal from the onset has been countered by OpenAI’s legal team, who maintain that the company’s structure is indeed optimal.

OpenAI’s Past and Present Structure

Initially launched as a non-profit in 2015, OpenAI converted into a capped-profit model in 2019. The company is currently in the process of changing into a fully for-profit public benefit corporation, a move that could make it more appealing to investors. Despite facing fierce competition, OpenAI’s valuation has climbed to $15.7 billion since launching ChatGPT.

The Legal Battle Escalates

Musk’s legal battle against OpenAI and its co-founders has been escalating, with Musk’s attorneys arguing that OpenAI should be prohibited from benefitting from wrongfully obtained competitively sensitive information. The lawsuit alleges that OpenAI and Microsoft violated antitrust laws when they asked investors to agree not to invest in rival companies, including Musk’s xAI. However, OpenAI has refuted these claims, stating that they do not prevent investors from investing in competitors.

Conclusion

The ongoing feud between Musk and OpenAI serves to highlight the complexities and competitive nature of the AI industry. With OpenAI’s transition into a fully for-profit corporation, the landscape of the AI market could be on the cusp of significant change. Only time will tell how this legal battle will unfold and the impact it will have on the future of AI research and development.

Tags: ChatGPTElon MuskOpenAIxAI
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?
Business

Coinbase Faces $400M Loss After Insider-Fueled Data Breach: Should You Be Worried?

May 15, 2025
What Does Ethereum’s “Trillion Dollar Security Initiative” Mean for the Future?
Crypto

What Does Ethereum’s “Trillion Dollar Security Initiative” Mean for the Future?

May 15, 2025
Coinbase to Join S&P 500, Replacing Discover Financial: This is Bullish for Your Bags and Here is Why
Business

Coinbase to Join S&P 500, Replacing Discover Financial: This is Bullish for Your Bags and Here is Why

May 12, 2025
Mark Zuckerberg Unveils New Crypto Strategy for META: What You Need to Know
Crypto

Mark Zuckerberg Unveils New Crypto Strategy for META: What You Need to Know

May 9, 2025
$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why
Crypto

$TAO Is Back With a Vengeance: Bittensor is About to Explode and Here is Why

May 9, 2025
Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?
Business

Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?

May 7, 2025
Load More

Related News

BNB Divided: Bullish Spot Traders Clash with Bearish Futures Market

BNB Divided: Bullish Spot Traders Clash with Bearish Futures Market

May 19, 2025
Comparing Cycles: Analyst Sees V-Shape Recovery Potential for Ethereum

Comparing Cycles: Analyst Sees V-Shape Recovery Potential for Ethereum

May 19, 2025
Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong

Bitcoin’s Ultimate Floor? 200 WMA Rises as Price Holds Strong

May 19, 2025
Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)

Triple Breakout? SUI Chart Hints at Potential Move Towards $4.80 (and Beyond)

May 18, 2025
Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing

Despite Price Drop, Cardano Whales Scoop Up 80 Million ADA—Here is What Big Money is Doing

May 18, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.