OpenAI, the company behind ChatGPT, announced Monday that it will retain its nonprofit board’s control over its multibillion-dollar artificial intelligence business.
“OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit,” Bret Taylor, chairman of OpenAI’s board of directors, wrote in a blog post. “Going forward, it will continue to be overseen and controlled by that nonprofit.”
According to Taylor, the decision followed feedback from civic leaders and discussions with the Attorneys General of Delaware and California, oversight authority over OpenAI’s nonprofit status, and could have intervened to block any changes. OpenAI is incorporated in Delaware and headquartered in San Francisco….