OpenAI's board of directors updated the plan to retain control of the non-profit entity.
There was pushback against OpenAI's initial decision to restructure into a for-profit benefit corporation.
The updated plan includes keeping the non-profit entity in control, transitioning the for-profit LLC to a Public Benefit Corporation (PBC), and ensuring the mission remains the same.
CEO Sam Altman mentioned the importance of evolving the structure to fulfill the mission, operate effectively, and deliver beneficial AGI.