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OpenAI’s big reversal on its planned restructuring may replace one problem for another
fortune.com/2025/05/05/openai-non-profit-sam-altman-for-profit-public-benefit-corporation-reversal
Sam Altman and OpenAI did something unusual on Monday: They backed down.
The plan to spin out OpenAI, the $300 billion maker of ChatGPT, into an independent, for-profit company was scrapped.
To call the move an about-face is an understatement. OpenAI had been pursuing this corporate…
This story appeared on fortune.com, 2025-05-06 00:52:21.