<ul><li>OpenAI has begun early talks with the California attorney general’s office over the process to switch from a non-profit to a for-profit structure.</li><li>OpenAI holds valuable intellectual property, which adds complexity to the transition as California law requires assigned value of nonprofit assets to be distributed to charity.</li><li>OpenAI plans to maintain a non-profit arm holding a minority stake in the company while transitioning to a for-profit structure.</li><li>Executive departures and tensions between the for-profit subsidiary and nonprofit oversight board have surrounded OpenAI's transition plans.</li></ul>

OpenAI In Talks With California Over For-Profit Shift

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