EyesOnOpenAI coalition sues OpenAI over plan to raise capital while keeping nonprofit status
OpenAI, still legally a nonprofit, is proposing a structural change to raise more capital and possibly go public. Critics — organized as EyesOnOpenAI and led by TechEquity and LatinoProsperity — say the move lets OpenAI keep nonprofit advantages while chasing profit, betraying its safety-first mission. The coalition is publicly and legally challenging the plan.