The Wall Street Journal

OpenAI abandons planned for-profit conversion

OpenAI abandons planned for-profit conversion
OpenAI CEO Sam Altman. (Image: WSJ)
The Wall Street Journal
By Keach HageyOpenAI abandoned a controversial effort to place its juggernaut artificial-intelligence (AI) business under control of a for-profit entity and will instead remain under its founding nonprofit board.The move could complicate the company’s future fundraising efforts. Unlike traditional boards, which must act in the best interest of shareholders, OpenAI’s nonprofit board has a fiduciary duty “to humanity.”OpenAI started work on a change to its business structure after CEO Sam Altman’s surprise firin...

More Technology

Korean explosions show hard road to hydrogen economy
Technology

Korean explosions show hard road to hydrogen economy

A hydrogen economy needs a market and a social licence to operate.

AI reaches the Employment Court
Law & Regulation

Rachael Judge: AI reaches the Employment Court

Litigants should take care to ensure that AI is used appropriately.

Trade Window sees ebitda breakeven for FY26
Markets

Trade Window sees ebitda breakeven for FY26

The company has shaved costs, grown revenue and benefited from trade turmoil.

Pattrick Smellie 29 May 2025
One NZ eyes regular fee reviews as connections plateau
Markets

One NZ eyes regular fee reviews as connections plateau

One NZ is increasing its margins and revenue per user even as new connection growth slows.

Dileepa Fonseka 29 May 2025