OpenAI backtracking on restructuring plans

Daniel Puchert

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ChatGPT creator backtracks on for-profit shift

OpenAI is backtracking on plans to become a more conventional for-profit company after facing mounting pressure from former employees, academics and rivals, including billionaire Elon Musk.

The ChatGPT maker said Monday that it’s moving forward with an effort to restructure its for-profit division as a public benefit corporation.
 
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