Openai Ditches plans to convert into profitable business

Digest opened free editor

Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

OpenAi will remain under the control of the non -profit group arm, with a cycle unlike the Chatgpt maker after severe criticism from Elon Musk about the transfer plans to a profit company.

The company, which recently raised the funds with a value of $ 260 billion, said that it will transfer the current subsidiary company to profit into a public competition company, and raise the current maximum on the returns that investors can obtain, but will leave non -profit with final control.

The decision comes after a violent reaction to restructuring the proposed companies of Openai to a profit company, including suit From the former co -founder and entrepreneur in the field of technology, as well as widespread criticism of former employees and artificial artificial intelligence society.

Critics argued that without controlling non -profit retention, as it is currently it and will continue to do so in the framework of new plans, the company will not bear a credit responsibility alone for its foundational mission: to ensure compensation for human artificial intelligence.

Sam, the group’s CEO, said on Monday that the decision was not driven by external pressure. “We are all obsessed with our mission. You are all obsessed with Eileon.”

Openai also faced complicated negotiations with general lawyers in Delaware, where non -profit, California has been integrated, where its headquarters are located, and with its investors, including Microsoft.

Public lawyers have sought assurances from Openai that they would remain committed to its charitable purposes as part of any transformation, and that the assets that are kept non -profit will be somewhat estimated to restructure.

Brett Taylor, Chairman of the Openai Board of Directors, said that the group “made a non -profit decision to retain the control of Openai after listening to civilian leaders and participating in a constructive dialogue with the offices of the Public Prosecutor in Dilayer and the Public Attorney in California.”