OpenAI converts to a B corp; Gov Newsom vetoes AI legislation

OpenAI realizes that incentives drive outcomes and Gov Newsom seeks more regulatory authority over AI models

OpenAI converts to a B Corp

OpenAI plans to convert itself from a non-profit with a capped-profit unit bolted onto it to a more straightforward for-profit model. Specifically, it will be a B Corp. Its competitor Anthropic is also a B Corp. This seems driven both by investor preferences and OpenAI’s long-term goals.

There’s a lot of Sturm und Drang out th…