TechFlow news, according to Reuters citing sources familiar with the matter, some investors in OpenAI are seeking legal action against the company's board. The investors are working with legal advisors to explore feasible options, though it remains unclear whether they will ultimately file a lawsuit against OpenAI.
It is reported that investors are concerned their hundreds of millions of dollars invested in OpenAI could face catastrophic losses.
OpenAI is controlled by its non-profit parent organization, OpenAI Nonprofit, which was established with the mission "to benefit humanity, not OpenAI investors." As such, employees hold greater influence than venture capital firms.
Microsoft holds 49% of OpenAI, while other investors and employees collectively hold another 49%, and OpenAI’s non-profit parent holds 2%.
