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Last week, OpenAI, the maker of ChatGPT, confidentially filed for an initial public offering in the United States. With a valuation of more than $850 billion, it could become one of the largest tech listings ever.

The move marks a significant milestone for a company that began in 2015 as a not for profit research lab. In 2022, ChatGPT was launched, and the company changed its structure and attached a for-profit entity.

That change did not please everyone. Elon Musk, who helped fund OpenAI in its early years before falling out with the company's leadership, filed a lawsuit in 2024 questioning the change. He argued that OpenAI moved away from its original mission. He accused founder Sam Altman and president Greg Brockman of manipulating him into donating to a not-for-profit organisation and then attaching a for-profit subsidiary and accepting billions from Microsoft.

In May, a jury ruled against Musk on procedural grounds, though he has said he will appeal. He is also pursuing a separate antitrust case against OpenAI and Microsoft.

Guest: Rahul Singh, Associate Professor of Law, National Law School of India University

Host: Nivedita V

Edited by Sharmada Venkatasubramanian

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