Such announcements aren’t without political risks, as OpenAI learned when Trump adviser Elon Musk criticized the deal on the ...

A lawyer for Elon Musk has called on the California and Delaware attorneys-general to force OpenAI to auction off a large stake in its business, intensifying a bitter fight with the company’s chief ...

Sam Altman-led OpenAI is reportedly engaged in intricate discussions to transform into a for-profit entity, but its board is ...

In his letter, Musk’s lawyer pushed the attorneys general to allow outside investors to bid for the nonprofit’s stake in OpenAI. If successful, that could allow an outside investor to take a ...

The state’s attorney general asked the company how it plans to transfer assets out of its charitable nonprofit.

Stargate, a high-profile artificial intelligence infrastructure project trumpeted by US President Donald Trump this week, ...

According to a report in the Financial Times, lawyers for Musk have contacted attorneys-general in Delaware and California to demand that a large stake in OpenAI be sold off in an open auction process ...

While they didn't support Musk's allegations directly, the feds added weight to his interpretation of antitrust law.

His lawyer said the auction would decide fair value of OpenAI's charitable asset during its corporate restructuring. OpenAI ...

OpenAI wants to turn its existing for-profit arm into a Delaware Public Benefit Corporation while reducing the control its board exerts over operations. OpenAI thinks it has found a way to make ...

the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC), with ordinary shares of stock and the OpenAI mission as its public ...

The new entity will likely be a public benefit corporation registered in Delaware, OpenAI said. Such a business is a traditional for-profit, but with a stated mission to "produce a public benefit." ...