OpenAI caves to pressure, keeps nonprofit in charge
OpenAI’s contentious plan to overhaul its corporate structure in favor of a conventional for-profit model has been reworked, with the AI giant bowing to pressure to keep its nonprofit in control, even as it presses ahead with parts of the restructuring.
OpenAI published a letter from CEO Sam Altman on Monday informing employees, stakeholders, and the public that while its for-profit subsidiary will transition into a Public Benefit Corporation (PBC), its nonprofit parent will remain in control.
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