OpenAI’s For-Profit Overhaul Is Far From Being a Done Deal

(Bloomberg) — For much of the past year, OpenAI has been pushing ahead with a complicated effort to turn itself from a nonprofit into a more conventional moneymaking business that would be more appealing to investors — and doing so over heated objections from former employees, academics and rivals, including Elon Musk.

But on Monday, OpenAI bowed to public pressure and partly walked back its proposed corporate conversion. While the company still intends to make changes to its for-profit arm to be more investor-friendly, the nonprofit will maintain control of the overall business, effectively preserving the way it currently operates.