SoftBank Backs OpenAI Reform Plan to Keep Nonprofit in Control

SoftBank Group Corp. supports OpenAI’s latest plan to turn its for-profit division into a public benefit corporation, even if the overall business remains under the control of its nonprofit.

“The part that we care about is the for-profit business,” SoftBank Chief Financial Officer Yoshimitsu Goto told an earnings conference Tuesday. “I don’t see the overall direction as bad for us.”