Elon Musk Not Happy That Sam Altman Could Get 7% Stake After ChatGPT-Parent’s Planned For-Profit Transition Happens: ‘This Is Deeply Wrong’

adze and SpaceX CEO Elon Muskwho co-founded OpenAI in 2015 and left the company in 2018, expressed concern about ChatGPT– the transition of the producer to a profit-making entity. This reported change may end up awarding OpenAI’s CEO Sam Altman a 7% stake in the company.

What happened: On Wednesday, several media outlets reported that OpenAI plans to change its business model.

The reports were also shared online by social media users.

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Musk also shared one such report saying, “It’s deeply wrong.”

An OpenAI spokesperson responded to media reports saying that “non-profit is central to our mission and will continue to be.”

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Why it matters: Musk’s stance on turning OpenAI for profit isn’t new. He has repeatedly questioned the legality and legitimacy of this alleged transition.

In August this year, he said: “Either turning a non-profit into a for-profit is legal and everyone should be doing it, or it’s illegal and OpenAI is a house of cards.”

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The tech billionaire also filed a lawsuit against parent ChatGPT, accusing the company of prioritizing commercial gains over its original mission of helping humanity. OpenAI has previously rejected Musk’s allegations of a “founding agreement”.

In a court filing, the company said: “The incorporation agreement is instead a fiction that Musk conjured up to claim the fruits of a venture that he initially supported, then abandoned, then saw successful without him”.

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This article Elon Musk Not Happy Sam Altman Could Get 7% Stake After ChatGPT-Parent’s Planned For-Profit Transition Happens: ‘This Is Deeply Wrong’ originally appeared on Benzinga.com

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