OpenAI's $500 billion restructuring clears California—barely

Marcus Schuler / implicator - OpenAI secured California's approval to restructure after Altman promised to stay. The deal preserves nonprofit control on paper while enabling a $500B+ IPO path. Critics note the governance paradox: the same board oversight that failed once.

#ai #vc #microsoft #openai #aiethics #business #law #technology #regulation #california

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