April 16, 20251 yr OpenAI wants to remove its nonprofit board as its controlling power in exchange for a valuable equity stake. Musk's suit argues that this would threaten the nonprofit's mission and he had asked the state to join the lawsuit. OpenAI has argued that it needs to remove the nonprofit's controlling role in order to raise funds from investors. To secure a $40 billion fundraising round, the company must complete its transition by the end of the year. View the full article
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