• bitcoinBitcoin(BTC)$84,468.000.65%
  • ethereumEthereum(ETH)$2,699.270.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$772.30-0.29%
  • rippleXRP(XRP)$1.52-2.49%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$121.110.25%
  • tronTRON(TRX)$0.332859-1.35%
  • zcashZcash(ZEC)$1,647.897.40%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.063.40%
  • HyperliquidHyperliquid(HYPE)$93.251.29%
  • dogecoinDogecoin(DOGE)$0.096370-1.78%
  • chainlinkChainlink(LINK)$14.151.49%
  • moneroMonero(XMR)$561.731.34%
  • whitebitWhiteBIT Coin(WBT)$84.210.50%
  • USDSUSDS(USDS)$1.000.01%
  • cardanoCardano(ADA)$0.252300-2.03%
  • RainRain(RAIN)$0.01278620.03%
  • leo-tokenLEO Token(LEO)$9.031.56%
  • stellarStellar(XLM)$0.215082-1.90%
  • bitcoin-cashBitcoin Cash(BCH)$333.79-1.40%
  • nearNEAR Protocol(NEAR)$5.074.29%
  • uniswapUniswap(UNI)$9.772.07%
  • litecoinLitecoin(LTC)$71.55-1.16%
  • CantonCanton(CC)$0.1360962.67%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • suiSui(SUI)$1.180.50%
  • avalanche-2Avalanche(AVAX)$10.780.80%
  • daiDai(DAI)$1.000.00%
  • USD1USD1(USD1)$1.000.02%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.568.35%
  • hedera-hashgraphHedera(HBAR)$0.093574-0.97%
  • BittensorBittensor(TAO)$321.292.87%
  • shiba-inuShiba Inu(SHIB)$0.000006-1.02%
  • crypto-com-chainCronos(CRO)$0.0666410.92%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • MemeCoreMemeCore(M)$1.230.24%
  • BitwayBitway(BTW)$1.039.17%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • EthenaEthena(ENA)$0.2677690.94%
  • tether-goldTether Gold(XAUT)$4,279.77-0.07%
  • OndoOndo(ONDO)$0.53-0.86%
  • okbOKB(OKB)$120.97-0.34%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • quant-networkQuant(QNT)$169.1769.50%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • aaveAave(AAVE)$155.591.26%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.09%
  • mantleMantle(MNT)$0.680.01%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Geoffrey Hinton backs Elon Musk’s legal battle against OpenAI

December 31, 2024
in Business
Reading Time: 3 mins read
A A
Geoffrey Hinton backs Elon Musk’s legal battle against OpenAI
ShareShareShareShareShare

Geoffrey Hinton, the prominent data scientist known as the “Godfather of artificial intelligence,” is backing Elon Musk in his legal attempt to block OpenAI from switching to a for-profit company.

YOU MAY ALSO LIKE

US jury says Apple owes record $5.7 billion in patent case against San Diego company

Costco receives $184M in tariff refunds

Hinton, who won the 2024 Nobel Prize in physics in October, is known for his work developing artificial neural networks, the foundation for AI.

“OpenAI was founded as an explicitly safety-focused non-profit and made a variety of safety related promises in its charter,” Hinton said in a statement published on Monday by Encode, a youth-led advocacy group for human-centered AI, which promotes using AI to improve human abilities instead of replacing them. 

Geoffrey Hinton is backing Elon Musk in his legal attempt to block OpenAI from becoming a for-profit company. TT NEWS AGENCY/AFP via Getty Images

“It received numerous tax and other benefits from its non-profit status,” Hinton added. “Allowing it to tear all of that up when it becomes inconvenient sends a very bad message to other actors in the ecosystem.”

OpenAI was initially created as a nonprofit research lab in 2015 by chief executive Sam Altman, Musk and others.

In 2019, OpenAI aimed to act more like a startup, so it created a capped-profit model with the nonprofit still controlling the whole company.

But now it is seeking out a more traditional for-profit structure that will enable the company “to raise the necessary capital with conventional terms like others in this space,” OpenAI said in a blog post last week.

Co-founder Musk, who cut ties with OpenAI in 2018, is seeking to block the firm’s structure switch.

On Monday, Encode said it had filed an amicus brief – a legal document providing input on a court case from a group that is not directly involved – in support of the lawsuit against OpenAI’s for-profit move.

Elon Musk is attempting to prevent OpenAI from moving toward a for-profit structure. REUTERS

“The restructuring would fundamentally undermine OpenAI’s commitment to prioritize public safety,” Encode wrote in a press release.

“The nonprofit-controlled structure that OpenAI currently operates under provides essential governance guardrails that would be forfeited if control were transferred to a for-profit entity,” Encode added.

Hinton, who worked at Google for more than a decade, has criticized OpenAI’s safety measures before. 

During a press conference in October, Hinton said Altman is “much less concerned with safety than with profits,” calling the situation “unfortunate”.

Last year, after leaving Google, Hinton sounded the alarms on the potential damage AI could wreak on humanity, telling The New York Times he regretted his role in developing the technology.

Hinton has accused Sam Altman of being more concerned with profits than safety measures. AFP via Getty Images

Musk, meanwhile, is arguing that OpenAI executives “deceived” him into co-founding the company by playing into his concerns about the risks of AI. OpenAI said that Musk wanted the company to transform into a for-profit structure back in 2017.

In February, he filed a lawsuit against OpenAI accusing it of breaking its nonprofit commitment by partnering with Microsoft.

He withdrew the lawsuit in June, but refiled it in August.

Musk’s own startup, xAI, is a public benefit corporation, which is a for-profit company with social and environmental goals. It’s the same structure OpenAI is looking to create, the company said last week.

Credit: Source link

ShareTweetSendSharePin

Related Posts

US jury says Apple owes record .7 billion in patent case against San Diego company
Business

US jury says Apple owes record $5.7 billion in patent case against San Diego company

September 27, 2026
Costco receives 4M in tariff refunds
Business

Costco receives $184M in tariff refunds

September 26, 2026
See which California Starbucks locations are closing across the state
Business

See which California Starbucks locations are closing across the state

September 26, 2026
Iconic Los Angeles Starbucks closing after 30 years
Business

Iconic Los Angeles Starbucks closing after 30 years

September 26, 2026
Next Post
Top House Republican lays out new GOP plan to avert government shutdown

Top House Republican lays out new GOP plan to avert government shutdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Defense rests its case in Lindsay Clancy murder trial

Defense rests its case in Lindsay Clancy murder trial

September 26, 2026
State fair swing: Plenty of fun, healthy competition and unusual food

State fair swing: Plenty of fun, healthy competition and unusual food

September 24, 2026
Tech elites launch college alternative for next generation of AI geniuses, raises M

Tech elites launch college alternative for next generation of AI geniuses, raises $42M

September 22, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!