2025-05-06
i've always had some reservations about the original structure and thought the blip highlighted its downsides (e.g., if we're a fiduciary to “humanity”, what are the mechanisms by which humanity can actually enact change?) but overall think this is a good change!
TechCrunch
OpenAI backtracks and says its nonprofit will remain in control of its business operations, after a “constructive dialogue” with civic leaders and DE and CA AGs
so it's making a change Aaron McDade / Yahoo Finance : OpenAI Scraps For-Profit Plans New York Times : The Stakes for OpenAI's Plan B The Irish Times : OpenAI ditches plan to conve...
i've always had some reservations about the original structure and thought the blip highlighted its downsides (e.g., if we're a fiduciary to “humanity”, what are the mechanisms by which humanity can actually enact change?) but overall think this is a good change!
Bloomberg
Sources: Microsoft remains the biggest holdout among investors in OpenAI's restructuring, seeking assurance that the changes will protect its $13.75B investment
After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company …