Source: Barron’s
“OpenAI has abandoned a plan to put its artificial-intelligence business under the control of a for-profit entity. The ChatGPT maker looks to have been forced to water down its plans by authorities, but it will create a headache for its relationship with major backer Microsoft. OpenAI is currently structured as a nonprofit company with a board that oversees its for-profit business. The company had intended to become a more conventional profit-seeking company, although retaining some public-benefit and nonprofit objectives. However, OpenAI said late Monday it scrapped the for-profit conversion plan after discussions with civic leaders and the attorneys general of California and Delaware, who would be required to sign off on it.” (05/06/25)
https://www.barrons.com/articles/microsoft-stock-price-openai-chatgpt-profit-6e417661