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- OpenAI ends for-profit push
OpenAI ends for-profit push
PLUS: Tech giants call for mandatory AI education in schools
Zach Mink & Rowan Cheung
May 06, 2025
Good morning, AI enthusiasts. Silicon Valley’s most controversial pivot is officially taking a U-turn, with OpenAI announcing a surprising restructuring that keeps its nonprofit firmly in control.
After months of legal battles with Elon Musk and protests from former employees and civic leaders, the AI leader’s for-profit push is history — but something tells us the drama is far from over.
P.S.: Our next workshop is today at 3 PM EST with ClickUp — join and learn how to embed AI and automation directly into your ClickUp workspace to save time, reduce complexity, and scale your team's execution. RSVP here.
In today’s AI rundown:
OpenAI retains nonprofit control in surprise move
Tech giants push for mandatory AI education
Create professional spreadsheets with Canva Sheets
Nvidia open-sources top-tier transcription AI
4 new AI tools & 4 job opportunities
LATEST DEVELOPMENTS
OPENAI
Image source: Getty Images
The Rundown: OpenAI just announced it will maintain nonprofit control as it transitions its business arm into a public benefit corporation (PBC), marking a major reversal of its polarizing previous plans to become a fully for-profit entity.
The details:
The existing for-profit LLC will now transition into a PBC, a structure used by other mission-driven companies like Anthropic and Patagonia.
Unlike previous considerations, the founding nonprofit organization will become a major shareholder and retain governance control over the new PBC.
The move comes amid pressure from civic groups and former employees and a lengthy legal battle with Elon Musk over the original non-profit mission.
Sam Altman detailed the decision to employees, saying the move will allow OAI to secure “trillions” to deliver beneficial AGI to the world.
Why it matters: After months of lawsuits and protests, OpenAI is backtracking on its for-profit ambitions. The PBC looks to thread a needle between the startup’s original nonprofit mission and the massive capital needed to create AGI — though it remains to be seen what this means for capital that was reportedly contingent on a for-profit turn.
TOGETHER WITH UNSTRUCTURED
The Rundown: With Unstructured, you can simply drag any document and get a structured JSON with no setup, no connectors, and no fuss.
Unstructured delivers:
Instant results: See structured output side-by-side
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Transform PDFs, images, Word documents, emails, and more!
AI & EDUCATION
Image source: o3 / The Rundown
The Rundown: Over 250 tech leaders and CEOs from major companies just signed an open letter urging U.S. states to offer AI and computer science courses and make the subjects mandatory graduation requirements in high school.
The details:
The letter emphasizes keeping the U.S. competitive with nations like China that already mandate AI education, and preparing students as AI "creators."
It also highlights research that a single high school CS course can increase early wages by 8% across all career paths, regardless of college attendance.
Key signatories include CEOs from Microsoft, LinkedIn, Adobe, AMD, Indeed, Khan Academy, Airbnb, Dropbox, LinkedIn, Zoom, Uber, and more.
The push coincides with President Donald Trump's recent executive order establishing a White House task force to expand K-12 AI instruction.
Why it matters: Just as computer and internet learning became common throughout classrooms, AI is quickly becoming a vital skill— and one that will be applicable across every aspect of life. The next generation of students will need to be AI-native, and this move looks to make sure it’s a part of the educational curriculum.
AI TRAINING
The Rundown: In this tutorial, you will learn how to use Canva Visual Suite 2.0’s new spreadsheet tool with AI-powered features to automatically fill cells and extract instant data insights.
Step-by-step:
In Canva, click “Create” and select “Sheets” from the dropdown menu.
Choose a template or start from scratch to build your spreadsheet.
To automatically complete data patterns, select cells with partial data, right-click, and choose “Magic Fill.”
Generate insights by selecting your data, clicking “Magic Insights,” and asking questions like “What's my total budget?” or “Show performance by platform.”
Pro tip: You can save time by using templates for content calendars, budgets, or project trackers and then customizing them with your branding colors and fonts.
PRESENTED BY INNOVATING WITH AI
The Rundown: Innovating With AI’s “The AI Consultancy Project” gives you the frameworks, playbooks, and client‑ready templates needed to turn “interesting AI ideas” into a revenue‑generating business – helping you ride the wave of an AI consulting boom expected to grow by 8x this decade.
In this program, you will:
Gain the tools and frameworks to find clients and deliver top-notch services
Follow a 6-month plan to build a 6-figure AI consulting business
Join a 700‑strong cohort where some members landed their first AI client in 72 hours
NVIDIA
Image source: Reve / The Rundown
The Rundown: Nvidia just released Parakeet V2, a powerful new open-source automatic speech recognition (ASR) model that can transcribe an hour of audio in a single second while achieving commercial-grade levels of accuracy.
The details:
Parakeet took the top spot on the Open ASR leaderboard with a 6.05% Word Error Rate, beating top models like ElevenLabs’ Scribe and OpenAI’s Whisper.
Released under a commercially permissive CC-BY-4.0 license, the 600M parameter model is fully open-source for developers and researchers.
The model also includes advanced features like precise timestamping, capitalization, punctuation handling, and song-to-lyric transcription capabilities.
Why it matters: Nvidia continues to not only dominate the chip game but also release powerful and largely open-source models. The days of tedious transcriptions are long gone, and this open yet top-tier ASR model significantly lowers the barrier for building advanced speech applications.
QUICK HITS
🧪 FutureHouse - AI research agents for accelerating scientific discovery
🤖 Olmo 2 1B - Ai2’s small but powerful open language model
🎹 Suno 4.5 - Next-gen AI music generation model
🔌 Zapier MCP - Connect your AI to thousands of apps
📞 The Rundown - Account Manager
🎭 Meta - Creative Director
💰 OpenAI - Director of Treasury
✍️ Scale AI - Technical Writer
OpenAI CPO Kevin Weil said that their open model will be based on ‘Democratic values’ and a generation behind the frontier to avoid accelerating Chinese AI.
Coding platform Cursor’s parent company, AnySphere, raised $900M in new funding, bringing its valuation to nearly $9B.
OpenAI provided a detailed breakdown of recent GPT-4o sycophancy issues, announcing improved testing, an opt-in alpha phase, and stricter evaluation standards.
Anthropic launched its “AI for Science” program, offering free API credits to researchers in “high-impact” fields like drug discovery, genomics, and agriculture.
The United Arab Emirates announced mandatory AI education for all K-12 students starting this year, as part of the country’s strategy to establish regional AI leadership.
Pinterest unveiled new AI-powered visual search features, allowing users to find and describe their search queries using images instead of text.
COMMUNITY
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See you soon,
Rowan, Joey, Zach, Alvaro, and Jason—The Rundown’s editorial team
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