OpenAI Backs Down on Restructuring Amid Pushback

OpenAI has proposed a restructuring to maintain its nonprofit arm's control over ChatGPT and other AI products, reversing an earlier plan. The new structure requires approval from California and Delaware attorneys general, with up to $30 billion in funding at stake. This move follows public pressure and legal challenges, including a lawsuit from Elon Musk. OpenAI's for-profit subsidiary will become a public benefit corporation, with the nonprofit retaining control and a large ownership stake, aiming to balance shareholder interests with the company's mission.