OpenAI reverses course and says non-profit arm will retain control of firm

CEO, Sam Altman, says decision to backtrack was made ‘after hearing from civic leaders’ and state attorneys generalOpenAI has reversed course in the process of transforming into a for-profit entity, announcing on Monday that its non-profit arm would continue to control the business that makes ChatGPT and other artificial intelligence products. Previously, the company had sought more independence for its for-profit division.“We made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with the offices of the Attorneys General of California and Delaware,” said CEO Sam Altman in a letter to employees. Altman and the chair of OpenAI’s non-profit board, Bret Taylor, said the board made the choice for the non-profit to retain control of OpenAI. Continue reading...

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