<div id="readability-page-1" class="page"><div><div>Earlier this week, Elon Musk reignited his criticism of OpenAI's corporate structure after a post highlighted the company's soaring valuation and deep partnerships with tech giants like Nvidia Corp. (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD).<h2>Musk Calls Out OpenAI's ‘Nonprofit' Label</h2>On X, capital markets commentator The Kobeissi Letter questioned how OpenAI can still claim nonprofit status given its multibillion-dollar commercial ventures.The post listed OpenAI's recent milestones: $100 billion investment from Nvidia, up to 10% ownership in AMD, $500 billion Stargate investment and $500 billion valuation.&#34;How is OpenAI still owned by a ‘nonprofit' parent company?&#34; the post asked, to which Musk replied, &#34;Good question.&#34;His response follows months of tension between Tesla Inc. and xAI CEO and the ChatGPT-maker, which he co-founded in 2015 as a nonprofit before parting ways in 2018 over some disagreements.<h2>OpenAI's Shift From Idealism To Profit Powerhouse</h2>OpenAI has evolved far beyond its nonprofit origins. The company is now valued at roughly $500 billion after employees sold about $6.6 billion in shares to investors, including SoftBank Group (OTC:SFTBF) (OTC:SFTBY), Thrive Capital and Abu Dhabi's MGX.The growth comes amid major deals with Nvidia — which pledged up to $100 billion for AI infrastructure — and AMD, which granted OpenAI warrants for up to 160 million shares.OpenAI is also reportedly in talks with Microsoft Corp. (NASDAQ:MSFT) to restructure as a for-profit entity. Its current parent, OpenAI Inc., remains a nonprofit that controls the company's commercial arm.<h2>Musk's Longstanding Feud With OpenAI</h2>Musk has repeatedly accused OpenAI of abandoning its founding mission to advance AI &#34;for humanity.&#34; Earlier this year, he and his firm xAI even made a $97 billion bid to acquire OpenAI's nonprofit parent — an offer the board swiftly rejected.Benzinga’s Edge Stock Rankings place Nvidia's Growth in the 97th percentile and Quality in the 93rd, highlighting its robust standing against competitors such as AMD.<ul> <li>Trump Turnberry Is ‘Our Monalisa' Says Eric Trump As He Shrugs Off Millions In Losses— ‘We Don't Give A…'</li> </ul>Photo courtesy: Shutterstock</div></div></div>

OpenAI

NVDA

Elon Musk has criticized OpenAI's nonprofit status following its $500 billion valuation and partnerships with Nvidia and AMD. He questioned how OpenAI can maintain its nonprofit label amid significant commercial ventures, including a $100 billion investment from Nvidia and a stake in AMD. OpenAI, co-founded by Musk, has shifted from its nonprofit origins and is reportedly in talks to restructure as a for-profit entity. Musk has accused OpenAI of straying from its mission to advance AI for humanity, even attempting to acquire its nonprofit parent earlier this year.

- Elon Musk criticized OpenAI's nonprofit status amid its significant commercial ventures and partnerships with tech giants like Nvidia and AMD.  
- OpenAI's valuation has soared to approximately $500 billion, fueled by substantial investments and share sales, while discussions about restructuring as a for-profit entity are ongoing.  
- Musk's ongoing feud with OpenAI stems from his belief that the organization has strayed from its original mission to advance AI for humanity.

Elon Musk Questions OpenAI's 'Nonprofit' Status After $500 Billion Valuation, Nvidia's $100 Billion Deal And AMD Stake