• India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
More
Hindi Tamil Telugu
More
In the news
Narendra Modi
Amit Shah
Box Office Collection
Bharatiya Janata Party (BJP)
OTT releases
Hindi Tamil Telugu
User Placeholder

Hi,

Logout

India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
Home / News / Business News / Why Musk doesn't want OpenAI to become a for-profit company 
Summarize
Next Article
Why Musk doesn't want OpenAI to become a for-profit company 
Musk has sued OpenAI over various matters

Why Musk doesn't want OpenAI to become a for-profit company 

By Dwaipayan Roy
Dec 01, 2024
12:12 pm

What's the story

Elon Musk has filed a fresh motion in his ongoing lawsuit against OpenAI, TechCrunch reported.

The motion wants a preliminary injunction to stop OpenAI from turning into a for-profit entity. It also calls on the court to stop the firm from continuing alleged practices violating US antitrust laws.

The legal move comes after reports of OpenAI's plans to turn into a profit-oriented business, and its recent talks with regulators over this structural change.

Financial implications

Musk's attorneys raise concerns over OpenAI's financial capacity

Musk's legal team has raised concerns about OpenAI CEO Sam Altman's alleged self-dealing, suggesting it could leave the company financially strained.

They argue that due to this, OpenAI "will likely lack sufficient funds to pay damages" if Musk emerges victorious in the lawsuit.

This concern underscores the potential financial implications of the ongoing legal dispute between Musk and OpenAI.

You're
33%
through

Antitrust claims

Allegations of antitrust violations and investor manipulation

Additionally, the legal team alleges that OpenAI and Microsoft violated the Sherman Act by discouraging investors from funding their competitors.

They claim Musk has confirmed at least one major investor, who had previously contributed to an xAI funding round, has since refused to invest in xAI due to this alleged manipulation.

You're
66%
through

Unfair advantage

OpenAI accused of gaining unfair competitive advantage

Musk's attorneys also allege that OpenAI has unfairly acquired competitively sensitive information through its ties with Microsoft, in violation of the Clayton Act.

They claim that Microsoft got its board seat at OpenAI specifically to align business decisions with the company.

In response to the allegations, OpenAI spokesperson Hannah Wong said, "Elon's fourth attempt, which again recycles the same baseless complaints, continues to be utterly without merit."

Done!
Facebook
Whatsapp
Twitter
Linkedin
Related News
Latest
Elon Musk
Microsoft
OpenAI
Sam Altman

Latest

DC's IPL 2025 playoff qualification chances take a hit: Scenarios Delhi Capitals (DC)
Woman killed, another injured in Pakistan shelling in J&K's Uri  Jammu And Kashmir
Chandigarh receives air warning for possible drone attack; sirens sounded  Chandigarh
'None of our business': JD Vance on India-Pakistan conflict  Donald Trump

Elon Musk

Trump appoints Musk, Ramaswamy to head newly-formed government efficiency department Donald Trump
Will a third of the US government be fired? Donald Trump
Guardian exits Musk's X, citing conspiracy theories and racism X
Vivek Ramaswamy's graduation speech goes viral ahead of 'DOGE' appointment Donald Trump

Microsoft

Microsoft's GenAI research VP heads to OpenAI OpenAI
Microsoft settles lawsuit with CoD gamers over Activision Blizzard acquisition Business
Microsoft eyes significant stake as OpenAI transitions to for-profit company Morgan Stanley
Generative AI start-ups attracted $3.9B investments in Q3 2024 Amazon

OpenAI

OpenAI launches new ChatGPT Windows app but with a catch ChatGPT
Ex-OpenAI CTO Mira Murati seeks $100M for new AI venture Startups
Microsoft's new AI agents can handle client queries: Here's how Microsoft
Who is Aaron Chatterji, OpenAI's first chief economist Business

Sam Altman

Watch: Altman drives ₹31cr Koenigsegg Regera supercar, only 85 exist Koenigsegg
Meet Project 'Strawberry': OpenAI's initiative to enhance AI's reasoning capabilities OpenAI
OpenAI accused of imposing illegal restrictions on employees OpenAI
Sam Altman explains how Airbnb's chief helped OpenAI grow OpenAI
Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin
All rights reserved © NewsBytes 2025