Elon Musk has expressed discontent regarding OpenAI's pivot to a profit-driven approach after securing a $50 million funding.

In 2018, OpenAI The organization became a profit-driven corporation to fulfill its objectives, only to revert back to a nonprofit setup later on.

With an infusion of around $50 million into OpenAI, billionaire Elon Musk raised questions about the legality of the company's transformation into a profit-oriented entity. During Tesla’s annual meeting in May, he revealed that the inception of OpenAI was inspired by DeepMind, which was acquired by Google in 2014.

Musk remarked that if OpenAI turned into a profit-making entity, it might end up acting like a 'lumber company' that exploits the rainforest for resources. He noted, \"This seems legally questionable. Generally speaking, rule, if the law permits initiating a nonprofit organization and later transferring intellectual property to a profit-focused business, that shouldn’t be acceptable.\"

OpenAI became To better fund its initiatives, OpenAI decided to adopt a structure that resembles both a for-profit and nonprofit organization, effectively establishing a framework labeled as 'capped profit.' This led to the formation of OpenAI LP, designed as a hybrid between these two entities. nonprofit ,” or “capped profit” company.

OpenAI argues that this strategic restructuring enables it to attract significant investments and expedite growth, which paved the way for Microsoft's monumental, multi-year, multi-billion-dollar commitment, along with other major funding endeavors such as the reported $100 million aimed at launching a new cryptocurrency. Worldcoin .

• After the recent developments, Elon Musk has rolled out an update on Twitter connected to NFTs. acquisition. The new Tweet Tiles feature comes as part of Twitter's latest acquisition.

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