OpenAI cites scrutiny by state AGs in decision to retain nonprofit structure

OpenAI has abandoned its plans to pursue a corporate restructuring to become a for-profit enterprise, citing ongoing discussions with the attorneys general of Delaware and California in its decision to retain nonprofit status.

“We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California,” OpenAI board chairman Bret Taylor wrote in a May...