OpenAI Forced to Abandon Plans to Become For-Profit
Briefly

OpenAI has announced it will remain under the governance of its original non-profit board while restructuring its for-profit branch into a Public Benefit Corporation. This decision comes amid ongoing scrutiny and legal challenges, particularly from co-founder Elon Musk, who alleges that the company has diverged from its foundational mission of developing beneficial AI. The shift aims to enable OpenAI to raise more capital without compromising its commitment to humanitarian goals, though critics express skepticism about the effectiveness of this approach.
In a blog post this week, the Sam Altman-run company announced that it would remain under the control of its original non-profit governing board as it shifts its planned restructuring efforts.
OpenAI claims in its post that it came to the decision to remain under the control of the non-profit board... after hearing from civic leaders.
Read at Futurism
[
|
]