OpenAI Shifts to For-Profit Model to Accelerate AI Development Mission
• 1 min read
OpenAI announces transition from nonprofit-controlled to standalone for-profit entity, becoming a Delaware Public Benefit Corporation. The restructuring aims to enable massive fundraising while maintaining its mission of developing AGI to benefit humanity, though it signals a clear pivot toward commercial interests.
Delaware Court Denies Musk's Appeal to Reinstate $56 Billion Tesla Pay Package
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Delaware judge Kathaleen McCormick upheld her decision to void Elon Musk's record-breaking $56 billion Tesla compensation package, rejecting attempts to ratify it through shareholder votes. The ruling represents a significant setback for Musk, who had previously moved Tesla's incorporation from Delaware to Texas in protest.