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RE: LeoThread 2025-03-09 09:53

in LeoFinance15 hours ago

Musk had sought a preliminary injunction to halt OpenAI’s transition to a for-profit. On Tuesday, a federal judge in Northern California, U.S. District Court Judge Yvonne Gonzalez Rogers, denied Musk’s request — yet expressed some jurisprudential concerns about OpenAI’s planned conversion.

Judge Rogers said in her ruling denying the injunction that “significant and irreparable harm is incurred” when the public’s money is used to fund a nonprofit’s conversion into a for-profit. OpenAI’s nonprofit currently has a majority stake in OpenAI’s for-profit operations, and it reportedly stands to receive billions of dollars in compensation as a part of the transition.