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OpenAI’s new for-profit plan leaves many unanswered questions
OpenAI has abandoned its controversial restructuring plan, but its new proposal leaves many unanswered questions.
This was the controversial part of OpenAI's plan, with many, including former employees, labor and nonprofit groups and even Elon Musk, voicing opposition to the proposal. According to Professor Michael Dorff, executive director of the Lowell Milken Institute for Business Law and Policy at UCLA, the company could adopt one of a few different options. "We look forward to advancing the details of this plan in continued conversation with [the state AGs], Microsoft, and our newly appointed nonprofit commissioners," Altman wrote in his letter.
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