OpenAI Backtracks on Plans to Drop Nonprofit Control
Source: New York Times
OpenAI said on Monday that it was restructuring as a public benefit corporation, allowing the nonprofit that controls OpenAI to retain its grip on the company.The nonprofit will be OpenAI’s largest shareholder.Sam Altman, OpenAI chief executive, created the artificial intelligence organization with several other Silicon Valley figures, including Elon Musk, as a nonprofit in late 2015. In 2018, after Mr. Musk left…
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