Read more at source.
Read more at source.
In a letter to Bonta's office, Meta argued that OpenAI should not be allowed to exploit the law by using assets it developed as a charity for potentially enormous private gains. Meta also expressed support for Elon Musk's opposition to OpenAI's transition, despite past tensions between Musk and Meta's CEO, Mark Zuckerberg.
In response to Meta's letter, OpenAI board chair Bret Taylor stated that the company's non-profit board of directors is committed to ensuring that the company continues to advance its mission of ensuring AGI benefits all of humanity. Any potential restructuring would ensure the non-profit continues to exist and thrive, and receives full value for its current stake in the OpenAI for-profit.
Meta's opposition to OpenAI's commercial success could also be driven by competitive reasons. Zuckerberg is intent on making Meta AI the world's most used assistant and is also keen on developing AI super intelligence, a goal that OpenAI is also pursuing.
OpenAI's conduct could have seismic implications for Silicon Valley and represent a paradigm shift for technology startups by enticing investors to launch organizations as non-profits, collect hundreds of millions of dollars in tax-free donations to support research and development, and then assume for-profit status as its technology becomes commercially viable.
