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OpenAI to remain under non-profit control after criticism
short by Mansi Agarwal / on Tuesday, 6 May, 2025
OpenAI CEO Sam Altman has announced that the startup will remain under the control of its non-profit parent. He further stated that the for-profit arm will transition to a public benefit corporation (PBC) but remain under the non-profit's control. This comes after OpenAI's initial plan to adopt a for-profit governance structure faced criticism and legal challenges, including from Elon Musk.
read more at Reuters