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OpenAI says nonprofit to retain control of company

( May 6, 2025, 00:50 GMT | Official Statement) -- MLex Summary: OpenAI said the company will continue to be overseen and controlled by the nonprofit it was founded as. A for-profit limited liability company will transition to a public benefit corporation, which the nonprofit will control. The decision came “after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California,” it said. Statement follows:...

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