💨 Abstract

OpenAI, creators of ChatGPT, will continue to be controlled by its nonprofit entity, following discussions with state attorneys general and input from civic leaders. The for-profit arm will be converted into a public benefit corporation, balancing shareholder and mission interests. This decision comes amid challenges in converting its governance structure, including a lawsuit from co-founder Elon Musk, who accuses the company of betraying its founding principles.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖