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Musk takes legal action against to block OpenAI's conversion to a for-profit structure


Musk cofounded OpenAI with Altman in 2015


OpenAI argues for-profit relocation needed for capital


Nonprofit to for-profit conversion uncommon, humanlove.stream expert says


(Adds judge did not choose whether or not to issue the injunction in paragraph 5, OpenAi's legal representatives' remark in paragraph 13)


By Anna Tong and Akash Sriram


OAKLAND, Calif., Feb 4 (Reuters) - A federal judge said on Tuesday that parts of Elon Musk's claim against OpenAI to stop its conversion to a for-profit entity might go to trial, including that the Tesla CEO will need to appear in court and affirm.


"Something is going to trial in this case," U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, said early in the court session.


"(Elon Musk will) sit on the stand, present it to a jury, and a jury will decide who is right." Rogers was considering Musk's recent demand for an initial injunction to obstruct OpenAI's conversion before going to trial, timeoftheworld.date the current relocation in a grudge match in between the world's richest individual and OpenAI CEO Sam Altman that is playing out openly in court.


Rogers did not choose whether to release the injunction Tuesday, however at one point recommended that Musk's legal group had not presented enough proof for her to issue the injunction, and indicated she might hold an evidentiary hearing, sitiosecuador.com where both sides could provide witnesses and evidence. The last time Rogers offered an initial injunction remained in Epic Games' case against Apple in May 2021.


Musk cofounded OpenAI with Altman in 2015, but left before the business removed and setiathome.berkeley.edu consequently founded the competing AI start-up xAI in 2023. OpenAI is now attempting to shift from a not-for-profit into a for-profit entity, which it states it needs to do to protect the capital required to develop the best artificial intelligence designs. In 2015, Musk filed a claim against OpenAI and Altman, saying that OpenAI ´ s founders originally approached him to money a nonprofit focused on establishing AI to benefit humanity, lespoetesbizarres.free.fr however that it is now concentrated on earning money. He later broadened the claim to add federal antitrust and other claims, and in December asked the judge commanding the case to stop OpenAI from transitioning to a for-profit.


In reaction to Musk ´ s claim, OpenAI has said it will move to dismiss Musk ´ s claims and that Musk "ought to be completing in the marketplace rather than the courtroom." The stakes on OpenAI's corporate transition have actually now escalated, as OpenAI ´ s last fundraising round of $6.6 billion and a brand-new round of approximately $25 billion under conversation with SoftBank are conditioned on the company restructuring to remove the not-for-profit ´ s manage.


During the hearing, OpenAI's legal representatives said the factor to allow OpenAI to end up being a for-profit entity is since it would be needed to assist in the objective of the nonprofit.


Such a restructuring would be extremely unusual, said Rose Chan Loui, executive director of the UCLA Law Center for Philanthropy and Nonprofits. Nonprofit conversions to for-profits have actually historically been for health care companies like healthcare facilities, not venture capital-backed business, she said. (Reporting by Anna Tong in Oakland and Akash Sriram in Bengaluru, Editing by Marguerita Choy)