From Yahoo Finance: 2025-05-10 08:00:00

AI company OpenAI has had a whirlwind week, scrapping plans to go for-profit, appointing Fidji Simo as head of applications, and agreeing to purchase AI coding tool Windsurf for $3 billion. This has sparked ire from Elon Musk, who is in a legal battle with the company. OpenAI faces competition from Perplexity, DeepSeek, X.ai, and Google. Musk claims the changes are a facade to hide profiteering. Microsoft, a major investor, has not signed off on the restructuring plan. OpenAI’s new executive, Fidji Simo, will focus on scaling the company’s growth. The company also acquired Windsurf, expanding its reach in the AI market.



Read more at Yahoo Finance: A lot changed this week at OpenAI. Elon Musk calls it a ‘facade.’