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THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR

OPENAI EXECUTIVES RATTLED BY CAMPAIGNS TO DERAIL FOR-PROFIT RESTRUCTURING

OpenAI executives are reportedly growing concerned that increasing political scrutiny could impede its efforts to become a for-profit company and have discussed the option of moving out of the state. Attorneys general in California and Delaware are investigating OpenAI's proposed plan to restructure into a for-profit company. OpenAI could be sued for potentially breaking nonprofit law and may be required to pay a settlement as a condition for the restructure. Failing to restructure could be catastrophic for the startup.

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