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OpenAI's CEO just ditched a months-long effort to abandon non-profit control over its for-profit business

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The California attorney general's office said, "This remains an ongoing matter — and we are in continued conversations with Open AI."
The article from Fortune, dated May 5, 2025, discusses the evolving structure of OpenAI, highlighting the tension between its nonprofit origins and its current for-profit operations. Initially founded as a nonprofit to ensure AI benefits humanity, OpenAI has shifted significantly with the creation of a for-profit arm, which has raised concerns about its commitment to its original mission. The piece details how Sam Altman, CEO of OpenAI, has navigated these changes, emphasizing the company's transition to a public benefit corporation model. This new structure aims to balance profit-making with the broader goal of advancing public good, though it has sparked debates about the effectiveness and sincerity of such a model in maintaining OpenAI's founding ethos.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/05/openai-chatgpt-nonprofit-arm-for-profit-business-public-benefit-corporation-sam-altman/ ]