Elon Musk's xAI secretly dropped its benefit corporation status while fighting OpenAI
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty ImagesWhen Elon Musk created his artificial intelligence startup xAI in 2023, he incorporated it as a Nevada public benefit corporation, making a formal commitment to positively impact society and to post regular disclosures about progress on its non-financial goals.The launch of xAI followed Musk's split with OpenAI, which he helped start eight years ...
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