Openai Reverses Course and says that his non -profit will continue to control his business

After months dedicated to a plan to become a profit business, Openai is investing the course and said that on Monday his profit will continue to control the company that Chatgpt and other artificial intelligence products.

“We made the decision that the non -profit would stay in control after listening to civic leaders and discussing the offices of California and Delaware’s general lawyers,” said CEO SAM Altman in a letter to employees.

Altman and the chairman of the Openai’s non -profit board, Bret Taylor, said that the Council made the decision of the profit to preserve Openai’s control. The non -profit already has a profit, but this arm will become a corporation of public benefits “that must consider the interests of both shareholders and mission,” said Taylor.

However, Taylor refused to say on Monday how large will have the non -profit property to the new public benefits corporation. He said in a call with journalists that the non -profit will choose the members of the Public Profit Corporation Council, and at first they will probably be the same people who now sit on the Openai’s non -profit council.

Public benefits were first created in Delaware in 2013, and other states have adopted the same laws or the like that require companies to pursue not only benefits, but also a social good. Public Benefit Corporations, including Amalgamat Bank and Online Education Platform BirdYou need to define this social good, which may vary widely when they are incorporated.

Altman said that to make us a liability company limited to a public benefits corporation “only allows us to be a more understandable structure to do the things that a company has to do”.

Among the changes would be eliminated an Openai Chief who had obtained the amount of benefits he could get.

“There is much more demand to use AI tools than we thought would be,” Altman said. Access to more capital will make it easier for Openai to pursue mergers and acquisitions “and other normal things that companies would do,” said Altman.

Openai co -founders, including Altman and Tesla CEO Elon Musk, originally started as a non -profit research laboratory on a mission to safely build what is known asArtificial general intelligence, or AGIfor the benefit of humanity. Almost a decade later, Openai has reported its market value as $ 300 million and has 400 million weekly users in Chatgpt, its flagship product.

Openai exposed last year’s front plans to turn its basic government structure, but faced several challenges. One is aDemand of Muskaccusing the company and Altman to betray the founding principles that led Musk to invest in charity. A federal judge last week dismissed some of Musk’s claims and allowed others to proceed with a trial set for next year.

Openai also faced the scrutiny of the main agents of Delaware Law, where the company joins, and California, where he operates at the headquarters of San Francisco. The California Attorney General’s Office said in a statement that he was reviewing the plan, and “it is still a continuous matter, and we are in continuous conversations with the open AI.”

The General Prosecutor’s Office in Delaware did not immediately return a comment request.

Some proponents, including Openai’s former employees and other charities, had requested that California’s Attorney General, Rob Bonta and Delaware’s Attorney General Kathy Jennings, both Democrats, use their authority to protect Openai’s beneficial purpose and block their planned restructuring.

Some were worried about what happens if the Maker Chatgpt complies with his ambition to build and he is over humans, but is no longer responsible for his public mission to safeguard this technology to cause serious damage.

Several artificial intelligence companies have chosen to incorporate as public benefits, including Anthropic and Xai, the Musk company. However, Openai would remain unique because his corporation of public benefits would still be controlled by the non -profit council.

Altman said that “it might be easier” to raise money if Openai were a “fully normal company”, but given its mission, “we do not want to be a totally normal company and we believe that this is a lot about the bar we need to raise money.”

“We have had many investors who think Openai is a great business, but I don’t care or do not appreciate our mission,” Altman said, adding that he was “happy not to have his money.”

Altman said he still awaits a great investment from the Japanese technology giant Softbank groupwhich in February announced plans toSet up a joint companywith Openai to promote AI services.

The company’s largest investor in recent years has been Microsoftwhich did not respond immediately to a comment request on Monday.

This story originally presented to Fortune.com

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