CoinVoice has recently learned, according to IT Home citing the Wall Street Journal, that Meta is urging the Attorney General of California to block OpenAI's plan to transition into a for-profit company, marking its alignment with Musk in the struggle between the two major AI giants in Silicon Valley.
In a letter sent to California Attorney General Rob Bonta on Thursday local time, Meta stated that allowing OpenAI to transition into a for-profit company would set a dangerous precedent for startups, enabling these companies to continue enjoying nonprofit tax benefits before they are ready to be profitable.
Meta wrote in the letter: 'OpenAI's actions could have far-reaching impacts on Silicon Valley. If OpenAI's new business model is recognized, then nonprofit investors will have the same profit opportunities as those investing in traditional profit-making companies, while also benefiting from tax breaks provided by the government.' [Original link]