24/7 Cryptocurrency News

OpenAI News: Elon Musk Calls Sam Altman’s AI Giant ‘Profit-Maximizer’

OpenAI News: American entrepreneur Elon Musk called Sam Altman's gen-AI firm 'profit-maximizer' amid the firm's for-profit switch motives.
Published by
OpenAI News: Elon Musk Calls Sam Altman’s AI Giant ‘Profit-Maximizer’

Highlights

  • Elon Musk calls OpenAI 'profit-maximizer' amid the firm's aim to transition into a for-profit entity.
  • OpenAI faces legal woes as Encode filed an amicus brief in the ongoing Musk vs. Altman saga.
  • Notably, even Meta CEO Mark Zuckerberg joined Elon Musk in his battle against the AI giant.

OpenAI News: American entrepreneur and billionaire Elon Musk again caused a stir across the technology industry on Monday, calling Sam Altman’s AI firm a “profit-maximizer.” Notably, the Tesla & SpaceX CEO recently took to X, taking a dog at the gen-AI company amid already prevailing legal woes. Sam Altman’s firm’s initial commencement as an open source, but a later for-profit switch, currently presents the AI firm with severe legalities.

Advertisement

OpenAI News: Elon Musk Unhappy With The AI Giant’s For-Profit Switch

In a recent X post by Elon Musk dated January 6, the Tesla & SpaceX lead stated, “OpenAI was funded as an open source, nonprofit, but has become a closed source, profit-maximizer.” Notably, this post comes against the backdrop of another X post by IBC Group co-founder Mario Nawfal. Nawfal revealed that the AI giant currently faces legal woes in the wake of Encode, a youth-led organization, filing an amicus brief against Sam Altman’s firm amid the Musk vs. Altman saga.

The amicus brief urges a federal court to block the firm’s transition to a for-profit entity. Simultaneously, Encode warns that the for-profit transition could “expose humanity to existential AI risks for the sake of investor returns.”

On the other hand, in another X post on the same day, Musk stated, “Geoff Hinton is a good man.” Notably, Geoffrey Hinton is among the leading AI researchers who support Encode’s amicus brief in the Musk v. Altman chronicle. The amicus brief urges the U.S. District Court in Oakland to block OpenAI’s proposed restructuring into a for-profit entity, emerging as buzzworthy news across the industry.

Advertisement

Musk vs. Altman Saga: What’s The Scoop?

Intriguingly, the American billionaire is in strong opposition to Sam Altman’s AI firm’s for-profit switch. This counter was in regard to the firm’s inception as an NPO, which aided it with numerous tax and other benefits from its nonprofit status.

Meanwhile, CoinGape reported that Meta CEO Mark Zuckerberg also joined Musk in his battle against the AI firm’s for-profit switch. Meta issued a formal letter to California Attorney General Rob Bonta, requesting the state to block the AI firm’s transition. Notably, this series of OpenAI news has gained significant traction across the industry as the firm’s future remains uncertain.

Share
Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025
  • 24/7 Cryptocurrency News

Justin Sun Pledges $20M Buy Following WLFI Wallet Freeze

Justin Sun Justin Justin Sun responded to World Liberty Financial freezing his wallet by promising…

September 6, 2025
  • 24/7 Cryptocurrency News

Expert Blames ‘Secret Committee’ for Rejecting MSTR Stock Inclusion to S&P 500

Michael Saylor's Strategy (NASDAQ: MSTR) missed the inclusion in the S&P 500 index on Friday,…

September 6, 2025
  • 24/7 Cryptocurrency News

MARA Bitcoin Treasury Nears $6 Billion, Trails Only Strategy in Public Rankings

MARA announced that it now holds $5.9 billion worth of Bitcoin. This cements its position…

September 6, 2025
  • 24/7 Cryptocurrency News

Senate Banking Committee Releases Updated Draft Crypto Market Structure Bill

The U.S. Senate Banking Committee has released an updated version of the draft Crypto Market…

September 6, 2025