OpenAI dials back conversion plan, with nonprofit to retain control

In a landmark decision, OpenAI has reversed its plan to transform its for-profit arm into an LLC, opting instead to keep its nonprofit parent in control. The CEO, Sam Altman, highlighted the need to balance investor returns with its mission to benefit humanity, while noting that major relationships and equity stakes remain unchanged. The company is now focusing on finalizing a revised structure ahead of potential legal challenges, including a high-profile lawsuit filed by Elon Musk.