ai elon musk openai profit

For-Profit

OpenAI, the nonprofit artificial intelligence research organization founded by Elon Musk and Sam Altman — and which Musk later quit — is now legally a for-profit company.

The organization published a blog post on Monday announcing OpenAI LP, a new entity that it’s calling a “capped-profit” company. The company will still focus on developing new technology instead of selling products, according to the blog post, but it wants to make more money while doing so — muddying the future of a group that Musk founded to create AI that would be “beneficial to humanity.”

About Face

With the capped-profit structure that it created, investors can earn up to 100 times their investment but no more than that. The rest of the money that the company generates will go straight to its ongoing nonprofit work, which will continue as an organization called OpenAI Nonprofit.

Musk, who has since left the organization, founded OpenAI with Altman to create ethical, beneficial artificial intelligence to counter the potentially dangerous technology being built elsewhere. However, more recently, the organization built a realistic AI tool that could churn out convincing fake news articles.

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