Sam Altman / Ted Talk
OpenAI has abandoned plans to restructure as a for-profit entity in a major victory for Elon Musk.
The decision means that the nonprofit board, the same one that briefly fired CEO Sam Altman in 2023, will stay in control of the organization.
After Altman’s sudden firing and return last year, the company announced plans to turn it from a public-benefit corporation to a for-profit entity.
The decision represents a major victory for Elon Musk.
Musk, who co-founded OpenAI with his own investment, strongly opposed the changes and filed lawsuits to block it from happening.
He also led a group of investors in trying to buy the company and wrestle control from Altman.
Group of Investors Led by Elon Musk Make a $97.4 BILLION Bid for OpenAI
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