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OpenAI Backs Down on Restructuring Amid Pushback
The startup behind ChatGPT is going to remain in nonprofit control, but it still needs regulatory approval.
OpenAI was founded as a nonprofit research lab in 2015 to “benefit all of humanity.” But the idealistic setup quickly became untenable due to the fundraising needs associated with building advanced AI systems. After the blog post came out, numerous advocacy groups wrote to the attorneys general in opposition, arguing that the plans could allegedly turn charitable funds into corporate cash. Delaware attorney general Kathy Jennings said in a statement to WIRED that she is encouraged by OpenAI taking into account her concerns and allowing the nonprofit to retain its control.
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