OpenAI, the artificial intelligence research lab, is under fire for its plans to transition from a non-profit to a for-profit business.
What Happened: The move has been met with opposition from various quarters, including Elon Musk, who argue that it could have significant implications for the control of AI technology. OpenAI’s CEO, Sam Altman, intends to separate the company’s revenue-generating business from its non-profit parent organization.
The aim is to create a more traditional company that can attract investments and provide returns to shareholders.
According to the report by Insider, the proposal has stirred controversy due to OpenAI’s intricate corporate structure, the billions it has already amassed from investors, and Elon Musk’s efforts to thwart the deal. Critics, including entrepreneurs, investors, academics, and activists, contend that OpenAI could be making a serious error.
Jungwon Byun, co-founder of AI lab Ought, which …
