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OpenAI abandons plan to become a for-profit company
OpenAI chairman Bret Taylor says the company is abandoning its effort to switch from a nonprofit to a for-profit entity after “hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California.” Both attorneys general have oversight of OpenAI’s nonprofit status and could have blocked its planned restructuring, which Elon Musk, Meta, and others have publicly protested.
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