OpenAI drops nonprofit status for $130 billion restructure

Water is wet. Grass is green. And OpenAI, the nonprofit that was going to save humanity from dangerous AI, just went for-profit. The company's restructuring, announced Tuesday, converts OpenAI into a public benefit corporation while handing its nonprofit foundation a $130 billion stake, making it the wealthiest foundation in America. But this move was not about philanthropy. It's about unleashing OpenAI to compete with rivals like Google and Meta. The writing has been on the wall since ChatGPT exploded o ...