OpenAI Gives Up On For-Profit Conversion

OpenAI Gives Up On For-Profit Conversion

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OpenAI has stopped its plan to switch from a nonprofit to a for-profit company after months of debate and legal issues. Instead, it will keep the nonprofit structure controlling its business, but remove limits on profits for investors. In the headlines, Cursor raises $900m while OpenAI comes to terms to buy Windsurf for $3b.

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