OpenAI, the parent company of ChatGPT, has ditched its push to become a for-profit company after heavy criticism from Elon ...

OpenAI will reverse course on its plans to convert into a for-profit business, announcing on Monday its nonprofit will ...

The company will become a public benefit corporation and the nonprofit that has controlled it will be its largest shareholder ...

OpenAI's new restructuring plan has implciations for its corporate future, especially if the organization hopes to one day ...

Elon Musk, an early OpenAI investor, sued the company for breach of contract last year, alleging that the transition to a for ...

Lawyers for Elon Musk asked the court overseeing his breach of charitable trust lawsuit against OpenAI to throw out the ChatGPT maker’s countersuit, which alleged that Musk had engaged in unfair ...

OpenAI will continue to be governed by a non-profit entity going forward, CEO Sam Altman announced Monday – a move that came after the ChatGPT maker’s restructuring plans faced fierce pushback ...

Sam Altman's reputation for spin was out in full force this week in a published "letter to employees" announcing that he was ...

STORY: OpenAI has dialed back its plan to turn into a for-profit company, announcing its nonprofit parent will stay in control, according to its CEO Sam Altman Monday. It's the latest after years of ...

OpenAI has bowed to pressure from civic leaders and ex-employees, announcing in a blog post on Monday that its nonprofit ...

stating OpenAI was “not for sale,” and OpenAI’s board of directors unanimously rejected the bid, which Musk’s lawyer said the group would withdraw if OpenAI halted restructuring plans.

He said the board and stakeholders ... due largely to Musk. A Musk-led group offered to buy OpenAI in February for $97.4 billion, a bid that was swiftly rejected. OpenAI’s hybrid structure ...