Musk fails in bid to block OpenAI becoming for-profit business

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Musk fails in bid to block OpenAI becoming for-profit business
Elon MuskOpenai
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SAN FRANCISCO: A United States judge on Tuesday (Mar 4) denied Elon Musk's request to prevent OpenAI from becoming a for-profit business in a loss for the Tesla tycoon amid his feud with Sam Altman.

OpenAI logo is seen in front of Elon Musk 's photo in this illustration taken on Mar 11, 2024. SAN FRANCISCO: A United States judge on Tuesday denied Elon Musk 's request to prevent OpenAI from becoming a for-profit business in a loss for the Tesla tycoon amid his feud with Sam Altman.

The judge wrote that, while Musk did not prove the need for an injunction, she is prepared to expedite a trial on that claim later this year.Musk's injunction bid argued that OpenAI's co-founders, including chief executive Altman,"took advantage of Musk's altruism in order to lure him into funding the venture", according to court documents.

"OpenAI is not for sale, and the board has unanimously rejected Mr Musk's latest attempt to disrupt his competition," OpenAI Board Chair Bret Taylor said in a statement posted by the company on Musk-owned X, formerly Twitter.The change to a for-profit model - one that Altman considers crucial for the company's development - has exacerbated ongoing tensions with Musk.

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