OpenAI focuses on its nonprofit control amid legal clash with Elon Musk

By: bitcoin ethereum news|2025/05/06 19:00:02

OpenAI has announced a significant pivot, walking back previous plans to evolve into a traditional for-profit entity, according to a May 5 statement. Instead, the organization will maintain its nonprofit roots and shift its for-profit unit into a Public Benefit Corporation (PBC), reinforcing its commitment to public interest in developing artificial general intelligence (AGI). According to the statement, the PBC model allows OpenAI to generate revenue, while the nonprofit parent retains control and holds a substantial equity position in the new structure. The firm noted that this approach is now common among advanced AI labs that must raise funding while staying focused on safety and long-term impact. OpenAI CEO Sam Altman confirmed that the nonprofit will remain central to the organization’s decision-making. He noted that the revised structure follows consultation with civic leaders and regulatory officials, including the attorneys general of California and Delaware. Altman explained that keeping nonprofit control will give OpenAI the resources it needs to scale responsibly. He also said the company wants its nonprofit arm to become one of the most effective in history, with a mission to ensure AGI benefits everyone. He added: “Instead of our current complex capped-profit structure—which made sense when it looked like there might be one dominant AGI effort but doesn’t in a world of many great AGI companies—we are moving to a normal capital structure where everyone has stock. This is not a sale, but a change of structure to something simpler.” OpenAI’s legal battle with Musk OpenAI’s reversal comes as legal tensions with Elon Musk, one of its co-founders, intensify. The Tesla CEO had accused the company of drifting from its founding mission and filed a lawsuit earlier this year to halt its shift toward profit-driven goals. Notably, Musk had also made a $97 billion offer to buy OpenAI’s controlling nonprofit arm, which was not accepted. In response to OpenAI’s announcement, Musk’s legal team reportedly dismissed the move as cosmetic. The lawyers argued that the updated structure allows private parties, including Sam Altman and Microsoft, to benefit from assets originally intended for the public good. Meanwhile, OpenAI also recently countersued Musk, alleging he attempted to sabotage the organization through a fake takeover offer and a coordinated campaign to damage its reputation. Source: https://cryptoslate.com/openai-focuses-on-its-nonprofit-control-amidst-legal-clash-with-elon-musk/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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