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The move backs away from OpenAI's previous plans, which would have given a newly created public benefit corporation power ...

Mr Altman and the chair of OpenAI’s nonprofit board, Bret Taylor, said the board made the decision for the nonprofit to retain control of OpenAI. The nonprofit already has a for-profit arm ...

OpenAI announced controversial plans to hand over control to its for-profit arm instead of the more restrictive non-profit ...

SoftBank Group (OTCPK:SFTBY) approved of the process OpenAI is taking in restructuring itself as a public benefit corporation ...

OpenAI has reversed its course around the for-profit transition and now says the company will continue to operate under the ...

OpenAI’s much‑debated plan to spin out its for‑profit arm has hit the brakes. On May 5, CEO Sam Altman and Board ...

"With the structure we're contemplating, the not-for-profit will remain in control of OpenAI," Bret Taylor, OpenAI's board chairman, said in a video call with reporters. "We will be converting the ...

OpenAI chairman Bret Taylor said the start-up made the decision "after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the ...

The updated plan comes amid criticism from former business partner Elon Musk and others that the company was deviating from ...