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Elon Musk Gets His Wish: OpenAI Will Remain a Nonprofit

Gizmodo LogoGizmodo22h ago

Elon Musk Gets His Wish: OpenAI Will Remain a Nonprofit - Gizmodo

Quick Summary:

Musk, for instance, seemed to mostly be carrying out his lawsuit to stop the restructuring as part of a grudge against Sam Altman after the two had a falling out.

The shift will also seemingly shed the capped-profit structure that the company operated with while an LLC, which restricted the return that it could pay back to investors at 100x.

The nonprofit board will be a primary shareholder of the PBC and will continue to oversee and control the company.

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Elon Musk Gets His Wish: OpenAI Will Remain a Nonprofit - Gizmodo (Picture 1)

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Article Details

Author / Journalist: AJ Dellinger

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 20:45:50 (22 hours ago)

News Timezone: GMT -5:00

News Source URL: gizmodo.com

Language: English

Article Length: 504 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Gizmodo

News ID: 28416956

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About Gizmodo

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Main Topics: Technology

Official Website: gizmodo.com

Update Frequency: 32 posts per day

Year Established: 2002

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #30

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