#nonprofit-to-for-profit-restructuring
#nonprofit-to-for-profit-restructuring

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Closing arguments begin in high-stakes Musk v OpenAI courtroom showdown

A jury will decide whether OpenAI and Sam Altman are liable in Elon Musk’s claims about breaking a founding agreement during OpenAI’s restructuring.

fromTechCrunch

8 months ago

OpenAI denies that it's weighing a 'last-ditch' California exit amid regulatory pressure over its restructuring | TechCrunch

OpenAI executives are discussing a potential relocation out of California as increasing political resistance threatens the company's efforts to convert from nonprofit to for-profit status, according to The WSJ, though the company says it has no plans to leave. California's attorney general is investigating whether OpenAI's restructuring violates state charitable trust law, while a coalition of nonprofits, labor groups, philanthropies, and even rival Meta are pushing back against the conversion.

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#nonprofit-to-for-profit-restructuring#nonprofit-to-for-profit-restructuring

Closing arguments begin in high-stakes Musk v OpenAI courtroom showdown

OpenAI denies that it's weighing a 'last-ditch' California exit amid regulatory pressure over its restructuring | TechCrunch

#nonprofit-to-for-profit-restructuring
#nonprofit-to-for-profit-restructuring