OpenAI plans to become a public benefit corporation, facing scrutiny and potential costs of billions.

OpenAI, known for its AI chatbot ChatGPT, plans to switch from a nonprofit to a public benefit corporation, a move that could cost billions and face government scrutiny. The company, valued at $157 billion, aims to raise funds to support its mission but faces criticism over governance and transparency. Elon Musk's lawsuit is an additional challenge, but the cost and complexity of the conversion could be more significant issues.

November 23, 2024
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