“OpenAI is evil,” Musk posted soon after the funding announcement. This comes in the backdrop of OpenAI asking its investors not to back rival companies, including Anthropic, Elon Musk’s xAI, Safe Superintelligence (founded by former OpenAI co-founder Ilya Sutskever), search startup Perplexity AI, and enterprise search firm Glean .

Changing the structure of OpenAI could be advantageous for Sam Altman, a corporate law expert said.

Altman has denied rumors that he will get a 7% equity stake in the company that could be worth nearly $10 billion.

OpenAI CEO Sam Altman will receive up to $10.5 billion in equity in the company behind ChatGPT as part of a major restructuring plan

As OpenAI considers a for-profit structure, chief executive Sam Altman has reportedly told employees he doesn’t plan to get a “giant equity stake” in the company.

Sam Altman's OpenAI recently raised $6.6 billion at a valuation of $157 billion to double down on their leadership in frontier AI research.

John Ive, former Apple design head, is partnering with OpenAI to develop an AI-based hardware product. The collaboration could disrupt consumer electronics, drawing parallels to how Microsoft and Google expanded into hardware.

Generative artificial intelligence company OpenAI could offer chief executive Sam Altman a 7 per cent equity stake in the company and restructure to become a for-profit business, sources told Bloomberg.