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OpenAI Abandons Profit Motive: Why Does Musk Insist on Litigation?

Source Tradingkey

TradingKey - OpenAI has abandoned its transformation plan. However, Elon Musk is still pursuing a lawsuit, likely to protect his interests in AI company xAI.

On Monday, Eastern Time, OpenAI announced it will not become a for-profit company. Its non-profit parent organization, OpenAI Inc, will remain the main shareholder and control its for-profit operations.

Even with this announcement, Musk has not dropped the lawsuit. His lawyers stated, "Despite OpenAI's announcement of non-profit control, Musk will continue to sue them."

Musk likely withdrew some claims against OpenAI due to its impact on his interests. Last year, he made various accusations against OpenAI. These included changes to its governance structure and claims that OpenAI blocked investors from supporting his AI company, xAI.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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