Elon Musk

<ul class="wp-block-list">
 <li>Meta backs Musk's lawsuit against OpenAI’s for-profit conversion.&nbsp;&nbsp;</li>  
 <li>Meta warns of a “seismic effect” in Silicon Valley from OpenAI’s shift.&nbsp;&nbsp;</li>  
 <li>OpenAI counters Musk’s claims, asserting the for-profit model is aligned with its goals.&nbsp;&nbsp;</li> 
</ul>  
<a href="https://cryptofrontnews.com/metamask-expands-with-xrp-ledger-support-for-efficient-token-management/" rel="noopener noreferrer nofollow">Meta</a> has formally requested that California Attorney General Rob Bonta intervene and block OpenAI’s move to restructure into a for-profit company. The social media giant has voiced significant concerns over the implications this shift could have on Silicon Valley and the broader tech industry.&nbsp;  
Meta, in its letter, expressed that allowing <a href="https://cryptofrontnews.com/openai-pushes-back-against-musks-lawsuit-over-profit-shift/" rel="noopener noreferrer nofollow">OpenAI</a> to change its status would set a dangerous precedent, potentially allowing other startups to similarly shift from non-profit to for-profit status at will.  
Meta, a major player in artificial intelligence, aligns itself with Elon Musk in opposing OpenAI’s transition. The company argues that such a ruling would create an unfair advantage, as non-profit investors would reap the same financial benefits as traditional for-profit investors, while still receiving tax breaks.&nbsp;  
Meta stresses that this could have long-lasting negative effects on Silicon Valley, calling the potential consequences a “seismic effect.”  
In its letter, Meta backs Musk’s ongoing lawsuit, which seeks to prevent OpenAI from making the conversion. Musk, who co-founded OpenAI alongside current CEO Sam Altman, has argued that the company has strayed from its original non-profit mission.&nbsp;  
Musk had filed several lawsuits, claiming that OpenAI’s partnership with Microsoft and its move to a for-profit model contradicts the goals he set when he initially invested in the company.  
Additionally, OpenAI has tried to defend its decision, claiming that it will still maintain a non-profit arm despite its restructuring. The company has reassured its investors that the new for-profit model will help drive the firm’s mission while also providing value to its stakeholders.  
 Meta’s intervention is significant, as the company has historically been a rival to Musk's ventures. However, with the rise of AI, both companies share similar interests in shaping the future of the industry. Meta’s decision to back <a href="https://cryptofrontnews.com/openai-pushes-back-against-musks-lawsuit-over-profit-shift/" rel="noopener noreferrer nofollow">Musk</a> against OpenAI’s conversion indicates a shared concern over how such a move could affect the broader landscape of AI development.

Meta Asks California AG to Block OpenAI’s For-Profit Shift

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