Partner Alexander Reid comments on OpenAI’s plan to convert from a nonprofit to a for-profit company in a Wall Street Journal article titled “Open AI’s Complex Path to Becoming a For-Profit Company.” The article discusses how this type of transaction is very complex, with many legal and regulatory hurdles. He was also quoted in an article titled “There's a Catch in OpenAI's $6.6 Billion Funding Deal That No One is Talking About” in Business Insider, where he states that it might be difficult to demonstrate how making the transition is in the best interests of the company’s original mission.
Read the Wall Street Journal article.
Read the Business Insider article. (subscription required)