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What OpenAI’s restructuring plan means for its corporate future
OpenAI's new restructuring plan has implciations for its corporate future, especially if the organization hopes to one day IPO.
The new restructuring plan may be enough to appease regulators and OpenAI’s investors, who’ve poured billions into the company in expectation of a return someday. Last December, OpenAI outlined a path that would’ve allowed it to spin its for-profit arm out from under the control of its nonprofit board, which is bound by certain obligations, including a clause in its charter to ensure that artificial general intelligence benefits all humanity. Stephen Diamond, a corporate governance professor at Santa Clara University, told TechCrunch there’s a very narrow path to OpenAI becoming a public company under its newly proposed transition plan.
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