FT News Briefing
US stocks make full recovery
May 6, 2025
OpenAI decides to remain a non-profit, reaffirming its mission amid scrutiny. U.S. stocks bounce back from turmoil following tariff announcements, driven by a strong labor market. Tensions surround the upcoming Bank of England meeting as interest rates are expected to be cut. Meanwhile, legal challenges loom for Meta, testing the boundaries of AI training with copyrighted material. This courtroom drama could redefine copyright implications for tech companies and authors alike, amid a shifting landscape in AI law.
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Quick takeaways
- OpenAI's decision to remain a non-profit underscores its commitment to ethical AI development amid significant external pressures and controversy.
- Meta faces a groundbreaking legal challenge regarding AI copyright, which could define future norms around the use of copyrighted material in AI training.
Deep dives
OpenAI's Decision to Remain a Non-Profit
OpenAI has decided to maintain its non-profit status, contrary to earlier plans for corporate restructuring, which faced significant backlash, including a lawsuit from co-founder Elon Musk. Critics expressed concerns that switching to a for-profit model could divert the company from its primary mission of ensuring artificial intelligence benefits humanity. Despite external pressures, CEO Sam Altman asserted that the decision was driven by the company’s commitment to its mission rather than backlash. The controversy highlights ongoing debates about the purpose and direction of AI development, particularly concerning ethical and societal implications.
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