Elon Musk doesn’t buy it.

Text version: https://pivot-to-ai.com/2025/05/06/openai-tries-a-new-scheme-to-go-for-profit-but-elon-musk-isnt-convinced/

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Sources:

Evolving OpenAI’s structure https://openai.com/index/evolving-our-structure/

Who Owns OpenAI? https://www.bloomberg.com/opinion/articles/2024-10-21/who-owns-openai

Musk v. Altman (PDF) https://storage.courtlistener.com/recap/gov.uscourts.cand.433688/gov.uscourts.cand.433688.1.0_1.pdf

Sam Altman hands Elon Musk a win, scrapping OpenAI’s for-profit plan https://www.washingtonpost.com/technology/2025/05/05/openai-restructures-abandons-plan-profit/

OpenAI ditches plan to convert to for-profit business https://www.ft.com/content/9a1e68d6-0a84-40bc-9085-0c8fb7c0f598

Microsoft Is Key Holdout for OpenAI Restructuring Plan https://www.bloomberg.com/news/articles/2025-05-05/microsoft-said-to-be-key-holdout-for-openai-restructuring-plan

Previously on Pivot to AI:

OpenAI ditches non-profit board, becomes venture capital lottery ticket https://pivot-to-ai.com/2024/09/26/openai-ditches-non-profit-board-becomes-venture-capital-lottery-ticket/

OpenAI’s for-profit plan is in trouble https://pivot-to-ai.com/2025/03/11/openais-for-profit-plan-is-in-trouble/

video: https://www.youtube.com/watch?v=tJhcCgB-c3w&list=UU9rJrMVgcXTfa8xuMnbhAEA

OpenAI signs its $40 billion deal with SoftBank! Or maybe $30 billion, probably https://pivot-to-ai.com/2025/04/02/openai-signs-its-40-billion-deal-with-softbank-or-maybe-30-billion-probably

video: https://www.youtube.com/watch?v=8aP1zUUcmjk&list=UU9rJrMVgcXTfa8xuMnbhAEA