OpenAI says non-profit will remain in control after backlash

OpenAI Adopts New Governance Model Amid Ongoing Scrutiny

OpenAI has introduced a revised governance structure, transitioning into a public benefit corporation while keeping its for-profit board in charge. CEO Sam Altman clarified that the nonprofit arm would maintain significant control by receiving a large stake in OpenAI's business operations, allowing it to fund its mission of advancing technology for the public good. The change aims to simplify the company's complex governance, attract investment, and align profit with societal benefit. However, critics remain skeptical, raising unresolved concerns about ownership, control, and ethical priorities.