Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Russia arrests a man for transferring cryptocurrency to Ukraine

08/02/2026

Bitcoin difficulty drops by over 11%, in sharpest drop since 2021 China ban

08/02/2026

Ethereum whales ignite market panic with major ETH offload

08/02/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum whales ignite market panic with major ETH offload

    08/02/2026

    Ethereum Price UP Above $2,000 Again, but Traders Remain Cautious

    08/02/2026

    Ethereum price hits key support as funding rate falls, liquidations jump

    08/02/2026

    Ethereum Crashes 29% in a Week, but Reversal Signals Start to Appear

    08/02/2026

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Justin Bieber Paid $1.3 Million for a Bored Ape NFT. It’s Now Worth $12K

    07/02/2026

    NFT market cap slides back to 2021 pre-hype levels, near $1.5B

    06/02/2026

    Gemini cuts 25% of staff and exits UK and EU markets amid ongoing crypto downturn

    05/02/2026

    Ink-based Perp DEX Nado Airdrops Official NFT Collection

    31/01/2026

    Russia arrests a man for transferring cryptocurrency to Ukraine

    08/02/2026

    Bitcoin difficulty drops by over 11%, in sharpest drop since 2021 China ban

    08/02/2026

    Ethereum whales ignite market panic with major ETH offload

    08/02/2026

    Silver Is Running Out — Buy Now Before There’s Nothing Left

    08/02/2026
  • Blockchain

    Canopy launches Canopy Templates to power AI-assisted blockchain development

    08/02/2026

    Story Witch Partnership Ignites Global K-Culture Revolution Through Blockchain IP Infrastructure

    08/02/2026

    A16Z says AI agents will need crypto rails for identity and payments

    08/02/2026

    Multiliquid, Metalayer launch instant redemption backstop for RWAs on Solana

    08/02/2026

    Animoca Brands Launches Animoca Minds to Open Access to AI Agents

    08/02/2026
  • DeFi

    Coinbase’s Crypto-Backed Loans Notch Record Liquidations Amid Bitcoin, Ethereum Plunge

    07/02/2026

    HPX Taps Phoenix Finance to Integrate RWA-Backed $PUSD Stablecoin

    07/02/2026

    UnifAI Taps HyperGPT to Power AI-Driven DeFi Automation

    07/02/2026

    Lombard Finance Adopts Chainlink Proof of Reserve to Verify LBTC and BTC.b Collateral

    07/02/2026

    Pieverse and TermMax Partner to Launch AI-Driven Fixed-Rate Yields for Agentic DeFi

    07/02/2026
  • Metaverse

    Corning shares surge over 16% after Meta signs $6B data center deal

    27/01/2026

    Mark Zuckerberg’s Meta signs $6B fiber deal with Corning to expand US data centers

    27/01/2026

    Meta to cut 10% of metaverse arm this week amid AI push: Report

    13/01/2026

    Yuga Labs Acquires Otherside Creator Platform From Improbable

    27/12/2025

    Meta CEO Mark Zuckerberg Made a Decision That Will Deeply Affect Metaverse Projects! Here Are the Details

    05/12/2025
  • Regulation

    Silver Is Running Out — Buy Now Before There’s Nothing Left

    08/02/2026

    Crypto slump hits ARK ETFs in Q4, Coinbase becomes top detractor

    08/02/2026

    S&P 500 Pullback Extends as Market Momentum Slows

    08/02/2026

    Argentina Pushes Crypto Deeper Into Everyday Finance

    07/02/2026

    BofA CEO warns against interest-bearing stablecoins

    07/02/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    South Korea Sees Trading Volume Surge in 17 Altcoins – Seen After Major Drop, Here’s the List

    07/02/2026

    Prediction market volume hit $12 billion in January, breaking all-time records

    07/02/2026

    JUST IN! Binance Announces Delisting of Six Altcoins! Huge Price Drops Experiencing!

    07/02/2026

    Binance moves 1,315 bitcoin into SAFU fund as it prepares to buy $1 billion BTC

    07/02/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    PlayZap Games Joins GENCY AI to Revolutionize AI-Led Advertising in GameFi Sector

    06/02/2026

    Enjin Launches Cross-Game Multiverse Campaign

    05/02/2026

    New ‘Axie Infinity’ Ethereum Gaming Token Will Be Airdropped to AXS Stakers

    05/02/2026

    W3GG Taps Lussaio to Revolutionize Web3 Gaming Experience with Earning Rewards

    01/02/2026

    Bitcoin difficulty drops by over 11%, in sharpest drop since 2021 China ban

    08/02/2026

    Is Bitcoin mining profitable?

    07/02/2026

    Stunning 11.16% Drop Signals Major Network Shift

    07/02/2026

    Venezuela’s Oil Industry Resurgence May Precede a Flared-Gas Bitcoin Mining Boom

    07/02/2026

    Russia arrests a man for transferring cryptocurrency to Ukraine

    08/02/2026

    Brazil Prepares to Tax Cryptocurrency Flows

    08/02/2026

    Vietnam to tax crypto like stocks with 0.1% trading levy: Report

    08/02/2026

    CFTC Expands Crypto Collateral Pilot to Include National Trust Bank Stablecoins

    08/02/2026

    Russia arrests a man for transferring cryptocurrency to Ukraine

    08/02/2026

    Bitcoin difficulty drops by over 11%, in sharpest drop since 2021 China ban

    08/02/2026

    Ethereum whales ignite market panic with major ETH offload

    08/02/2026

    Silver Is Running Out — Buy Now Before There’s Nothing Left

    08/02/2026
  • MarketCap
NBTC News
Home»Legal»Hoskinson Sees Elon Musk Lawsuit as a Non-Profit Dilemma
Legal

Hoskinson Sees Elon Musk Lawsuit as a Non-Profit Dilemma

NBTCBy NBTC07/03/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Charles Hoskinson, the founder of Cardano, has recently voiced his perspective on the lawsuit filed by Elon Musk against OpenAI and its co-founders, Sam Altman and Gregory Brockman. This legal action marks a significant point of contention, spotlighting the debate over the foundational principles of OpenAI.

Initially established as an open-source, non-profit entity, OpenAI has faced criticism from Musk for allegedly straying from its original mission. Charles Hoskinson’s commentary underscores the broader implications of the lawsuit, highlighting it as a potential landmark case that could redefine the operational boundaries of non-profit organizations in the tech industry.

Allegations at the Heart of the Lawsuit

At the core of Musk’s lawsuit is the accusation that Altman and Brockman diverged from the agreement to maintain OpenAI as a non-profit organization. Musk, who was instrumental in establishing OpenAI with a $100 million investment, claims that the defendants breached their contractual obligations. This breach is purportedly evidenced by the strategic shift in 2018 when OpenAI Global LLC was incorporated and, more pointedly, with the release of GPT-4 in 2023.

The lawsuit details Musk’s concerns regarding OpenAI’s partnership with Microsoft, suggesting that the collaboration was heavily commercialized, undermining the non-profit ethos OpenAI built. According to the complaint, this relationship with Microsoft, poised to profit significantly from the sale of GPT-4, exemplifies the departure from OpenAI’s original mission.

Charles Hoskinson Weighs in on the Elon Musk Lawsuit

Charles Hoskinson’s analysis of the lawsuit sheds light on the nuanced challenges facing non-profit organizations in the tech sector. By emphasizing the tax evasion implications of operating as a non-profit while engaging in commercial product development, Hoskinson points to a systemic issue. The partnership between OpenAI and Microsoft, particularly around the GPT-4 technology, serves as a case study in this dilemma.

Microsoft’s integration of GPT-4 into its Copilot service, alongside its financial arrangements with OpenAI, illustrates the commercial potential of such collaborations. With Copilot’s pricing set at $30 per user per month and the projection of substantial revenue growth, the financial dynamics of this partnership raise questions about the balance between non-profit intentions and commercial operations.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Russia arrests a man for transferring cryptocurrency to Ukraine

08/02/2026

Brazil Prepares to Tax Cryptocurrency Flows

08/02/2026

Vietnam to tax crypto like stocks with 0.1% trading levy: Report

08/02/2026

CFTC Expands Crypto Collateral Pilot to Include National Trust Bank Stablecoins

08/02/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Russia arrests a man for transferring cryptocurrency to Ukraine

08/02/2026

Bitcoin difficulty drops by over 11%, in sharpest drop since 2021 China ban

08/02/2026

Ethereum whales ignite market panic with major ETH offload

08/02/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.