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California Bill Would Block OpenAI From For-Profit Conversion | California AG investigating ownership moves
A California lawmaker is sponsoring a measure (AB 501) to prevent OpenAI from converting to a for-profit entity.
ChatGPT maker has complex nonprofit structure California AG investigating ownership moves A California lawmaker is sponsoring a measure ( AB 501) to prevent OpenAI from converting to a for-profit entity. While it doesn’t mention OpenAI in the text, it would apply to startup venture capital nonprofits that have at least $100 million in combined revenue during any five-year period.
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