Elon #Musk asks #court to block #OpenAI conversion from #nonprofit to for-profit

Source: arstechnica.com/tech-policy/20…

Musk's #motion makes it clear he is worried that a for-profit OpenAI would spell trouble for his own company, #xAI.

#economy #ai #technology #news #future #power #Software #Problem

Elon Musk asks court to block OpenAI conversion from nonprofit to for-profit

Musk says for-profit OpenAI harms public interest—and his own company, xAI.

^{Jon Brodkin (Ars Technica)}

Elon Musk’s Twitter backers gain windfall from xAI deal - Investors hit by losses following Musk's takeover reap rewards from shares in AI start-up - Musk has given investors that backed his $44bn Twitter acquisition 25% of shares in xAI

xAI is set to close a new $5bn fundraising round doubling valuation to $50bn in 6 months. Those to benefit include Fidelity, Larry Ellison, Saudi Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, Andreessen Horowitz.

#Musk #Xai

ft.com/content/5c9ca1f6-b6fe-4…

Elon Musk’s Twitter backers gain windfall from xAI deal

Investors hit by losses following billionaire’s takeover of social media platform reap rewards from shares in his AI start-up

^{George Hammond (Financial Times)}