OpenAI was originally formed as a non-profit entity to ensure it was free to achieve its stated goal, it formed a for-profit company back in 2019.
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Billionaire Elon Musk has queried whether it’s legal for OpenAI — the firm behind ChatGPT — to become a for-profit business after he invested approximately $50 million into it.
On May 16, Musk spoke with CNBC during Tesla’s annual shareholder meeting and claimed he “came up with the name” OpenAI, intending for the company to be an open-source alternative to DeepMind after Google purchased the company in 2014.
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Musk likened OpenAI’s non-profit to for-profit transition to a “save the Amazon” organization becoming a “lumber company” which logged and sold trees from the rainforest,
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