OpenAI Says Company to Remain Under Nonprofit Control - WSJ


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OpenAI's Governance Remains Unchanged

OpenAI has abandoned plans to alter its corporate structure, maintaining its nonprofit control. This decision follows the unexpected firing and subsequent reinstatement of CEO Sam Altman in 2023.

Key Players and Conflicts

The proposed restructuring was championed by Sam Altman but faced opposition from co-founder Elon Musk, who attempted legal intervention. The power over Altman's future now rests with the same entity that initially removed him.

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OpenAI has called off a controversial effort to change which entity controls its juggernaut artificial intelligence business. The move effectively leaves power over CEO Sam Altman’s future in the hands of the same body that briefly ousted him in 2023.The company started work on a change to its business structure after Altman’s surprise firing and reinstatement. Altman had championed the move, while his rival, estranged co-founder Elon Musk, had tried to block it in court.

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