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Meta has expressed its opposition to OpenAI’s proposal to convert from a non-profit organization to a for-profit one. The company has submitted a letter to the California Attorney General Rob Bonta requesting him to take action and block this move.
In its letter, Meta emphasized that such a conversion would have significant implications for the tech industry, specifically Silicon Valley. However, it did not specify what these consequences might be or provide any concrete evidence to support its claims.
It is worth noting that OpenAI’s co-founder Elon Musk has been actively opposing this change and has even taken legal action against them. He has argued that if they are allowed to become a for-profit entity, non-profit investors will receive the same benefits as those who invest in conventional companies while also benefiting from tax write-offs offered by the government.
OpenAI has responded to these allegations by releasing emails and texts between Musk and OpenAI’s board members, which suggest that he was more focused on taking legal action than negotiating a settlement. They have also stated that Musk should be competing in the market rather than using the courts to try to block their plans.
The conflict has sparked significant interest among tech enthusiasts and investors, as it raises questions about the future of AI research and development in the industry.
Source: techcrunch.com
