Summary: Why is The Midas Project accusing OpenAI of breaking tax rules? The Midas Project claims OpenAI abandoned key nonprofit safeguards and allowed conflicts of interest involving its CEO and board. It alleges Sam Altman could personally profit from deals with OpenAI partners like Helion, Retro Bio, and Stripe. These actions, they argue, may violate IRS rules and threaten OpenAI’s nonprofit status. Artificial intelligence (AI) watchdog The Midas Project has lodged a formal complaint with the U
source: https://news.shib.io/2025/07/11/openai-faces-irs-heat-could-its-nonprofit-status-be-in-jeopardy/