META URGES CALIFORNIA ATTORNEY GENERAL TO STOP OPENAI FROM BECOMING FOR-PROFIT

Summary from the TLDR newsletter

Meta is urging California's attorney general to block OpenAI's planned conversion to a for-profit company. It says that allowing OpenAI to become a for-profit company would set a dangerous precedent of allowing startups to enjoy the advantages of nonprofit status until they are poised to become profitable. OpenAI's conduct could have serious implications for Silicon Valley if its business model is proven valid.