Elon Musk created for-profit structure for OpenAI; Sam Altman’s startup hits back at Tesla CEO | Mint – Mint

From Google: 2024-12-13 20:25:12

Elon Musk created a for-profit structure for OpenAI, a research lab he co-founded. The move allows the organization to attract more funding and retain employees through stock incentives. OpenAI aims to develop artificial intelligence to benefit humanity, but critics raise concerns about potential conflicts of interest with Musk’s other ventures.

Sam Altman’s startup, Worldcoin, hit back at Elon Musk’s criticism of the company’s technology. Worldcoin uses biometric scanning to distribute cryptocurrency, sparking privacy concerns. Altman defends the technology, emphasizing its potential to provide financial services to the unbanked population worldwide.

Elon Musk’s involvement in both OpenAI and his criticism of Worldcoin raises questions about his influence in the tech and cryptocurrency sectors. Critics warn of the potential conflicts of interest and ethical implications of Musk’s dual roles in shaping the future of artificial intelligence and blockchain technology.



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