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   Nonilex (nonilex@masto.ai)'s status on Tuesday, 06-May-2025 04:13:06 JST Nonilex

   #ChatGPT maker #OpenAI will remain under the control of its founding #nonprofit board, after abandoning its plan to split off its commercial ops as a #ForProfit company.

   Fmr employees & #ElonMusk, a co-founder of OpenAI who later split w/ its leaders, had criticized the restructuring plan, saying it would remove important oversight of its #ArtificialIntelligence #technology. #Musk filed a lawsuit seeking to block the plan; the suit is still ongoing.

   #law #tech #business
   https://www.washingtonpost.com/technology/2025/05/05/openai-restructures-abandons-plan-profit/

   • HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.
   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Tuesday, 06-May-2025 04:13:20 JST Nonilex

     in reply to

     “We made the decision for the #nonprofit to retain control of #OpenAI after hearing from civic leaders & engaging in constructive dialogue with the offices of the AG of Delaware & the AG of California,” board chair Bret Taylor said in the announcement. OpenAI was incorporated in Delaware but has its headquarters in California.

     #law #tech #business #ChatGPT #nonprofit #Musk #ArtificialIntelligence #technology

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 06-May-2025 04:13:21 JST Nonilex

     in reply to

     Changing its plan could create uncertainty for #OpenAI’s financial future. The company had said it needed to transition into a for-profit company to unlock billions of dollars of new funding from Japanese conglomerate #SoftBank.

OpenAI announced it was scrapping its plan to restructure in an email sent to reporters Monday.

     #law #tech #business #ChatGPT #nonprofit #Musk #ArtificialIntelligence #technology

     HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.