OpenAI’s big reversal on its planned restructuring may replace one problem for another

Quick Summary:

OpenAI has dropped a plan to turn itself into a fully for-profit company.

But the about-face raises a lot more questions.

The non-profit has announced a set of philanthropic advisors, but will they have any actual veto power over OpenAI’s plans, or will they be more like Meta’s infamously impotent “oversight board?

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Alexei Oreskovic

Category: EconomyBusiness

Markets: United States

Topics: Elon Musk OpenAI Sam Altman

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 00:52:21 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 130 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28422604

View Article Analysis

About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 33 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

Publisher Details

Frequently Asked Questions