OpenAI announced it will restructure into a public benefit corporation, maintaining control under the associated nonprofit organization it was initially founded with. This decision comes after previous attempts to shift control towards investors, which raised concerns about prioritizing profit over safety in AI development. The change is seen as a victory for critics, particularly Elon Musk, who believes the company strayed from its foundational mission. OpenAI also confirmed that it is negotiating the nonprofit's stake and board member selection for the corporation, amidst significant funding efforts including a recent $40 billion round led by SoftBank.
Sam Altman expressed, "I am very happy we made the decision for the nonprofit to maintain control... sets us up to have a more understandable structure."
Critics, including Elon Musk, argue that OpenAI left its original mission to prioritize profit over safety in AI development.
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