Meta* has sent a letter to California Attorney General Rob Bont, asking him to block OpenAI’s planned transition from a nonprofit to a commercial organization. The corporation maintains that OpenAI “should not break the law by appropriating and redistributing assets raised for a charity and using them for potentially enormous personal benefit.”
Author:
https://rb.ru/author/alipova/
Subscribe to RB.RU on Telegram
The letter, as The Verge writes, mentions Elon Musk as a “qualified and well-prepared person to represent the interests of Californians in this matter.” Meta*’s support for Musk’s fight against OpenAI is especially notable given that Musk and Zuckerberg were talking about fighting in the ring just last year.
However, the benefits of Meta* in the fight against OpenAI are obvious: Zuckerberg would like greater popularity of Meta AI in a market where it is difficult to compete with Altman’s AI solutions. In addition, Mark is also interested in the development of ASI (AI Super Intelligence), where OpenAI is also developing rapidly.
OpenAI intended to be a nonprofit, but achieved commercial success with ChatGPT, which now generates billions of dollars in revenue annually. CEO Sam Altman has made clear that the company needs to move away from its nonprofit status to become more attractive to investors and continue funding its ambitions.
The stakes are so high that OpenAI will have to pay back the billions of dollars it raised this year (with interest) if it fails to successfully transform into a commercial company within two years.
In its letter to prosecutors, Meta* argues that OpenAI’s actions “could have disastrous consequences for Silicon Valley” and “represent a paradigm shift for tech startups.”
In addition, according to company representatives, the “scheme” can be reproduced in the future. If investors want to “establish nonprofit organizations, raise hundreds of millions of dollars in tax-deductible donations to support research and development, and then transition to for-profit status when the technology becomes commercially viable” .
In response to the letter, Meta* said the company’s nonprofit board of directors is “focused on fulfilling our fiduciary responsibilities by ensuring the company is prepared to continue fulfilling its mission of ensuring that AI benefits all of humanity.” “.
In a statement published by The Verge, OpenAI president Bret Taylor said: “Any potential restructuring will ensure that the nonprofit organization continues to exist and prosper and receives the full value of its current stake in the for-profit organization. OpenAI with expanded capabilities to carry out its mission.”
*recognized as extremist and banned in the Russian Federation
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
