Calif. AG approves OpenAI’s corporate restructure, disappointing civil society group

California Attorney General Rob Bonta has approved OpenAI restructuring itself into a for-profit Public Benefit Corporation under some legal and administrative control of a non-profit organization, with the parties entering into a Memorandum of Understanding that riled a key civil society group.

“Over the last year and a half, my office has conducted a robust investigation into OpenAI’s initial plan to restructure, followed by its revised plan to recapitalize,” Bonta said in an Oct. 28 press release on the...