Musk again asks to block OpenAI’s ‘illegal’ conversion to for-profit model
Elon Musk also claimed OpenAI had engaged in “predatory practices” through its partnership with Microsoft, together owning nearly 70% of the generative AI market.This post was originally published on this site
FATF Urges India to Strengthen Virtual Asset Regulation
India has achieved a high level of technical compliance with Financial Action Task Force (FATF) standards, addressing illicit finance, money laundering, and terrorist financing. In a joint assessment with regional bodies, the FATF praised India’s progress but pointed out areas needing improvement, especially in regulating the non-financial sector and virtual asset providers. The country was […]
‘Is that legal?’ — Elon Musk chides OpenAI’s for-profit pivot after $50M investment
OpenAI was originally formed as a nonprofit entity to ensure it was free to achieve its stated goal and then became a for-profit company back in 2019.This post was originally published on this site