OpenAI reverses course and says its nonprofit will continue to control its business

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The California attorney general's office said, "This remains an ongoing matter — and we are in continued conversations with Open AI.

However, OpenAI would remain unique in that its public benefit corporation would still be controlled by the nonprofit’s board.

The nonprofit already has a for-profit arm, but that arm will be converted into a public benefit corporation “that has to consider the interests of both shareholders and the mission,” Taylor said.

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Article Details

Author / Journalist: Matt O'Brien, Thalia Beaty, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Sam Altman OpenAI A.I.

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 20:26:16 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 802 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 201 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28416468

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