Artificial Intelligence for Humanity, for profit, or something else.

I'm David Brancaccio in Los Angeles. One of the biggest firms in artificial intelligence

has hit a roadblock in its campaign to become a for-profit company. OpenAI, maker of Chat, GPT,

has hit the hurdle. Marketplace's Nova Saffo explains.

Open AI's nonprofit board is a vestige of when it was created a decade ago to build artificial intelligence to, quote, benefit humanity. But OpenEI has needed tens of billions of

dollars in investments to get there, and the investors who footed the bill have wanted to

secure a stake in future profits

and to have more of a say in OpenEI's governance. So in December, CEO Sam Altman said the

chat GPT maker would convert itself into a for-profit corporation with its original non-profit

board becoming a shareholder. That prompted a lawsuit from Elon Musk, who was among

OpenEI's early backers and its current rival with his own AI company. Now a new plan. The nonprofit

board will remain in charge. The part of OpenEI that takes in investor money and runs CHATGPT

is to become a subsidiary structured as a public

benefit corporation. Those are certified to have a mission to do a public good while also

making a profit for shareholders. I'm Novosafo for Marketplace. The key stock index in Frankfurt, Germany,

is down 1.1% right now after a political thunderbolt today from Berlin,

the leader of the Conservative Party there, Friedrich Merz, was not elected the leader of the country

in a first round of voting by members of parliament. Merz needed to cobble together a coalition,

but no. It's a first for Germany since the Second World War and an embarrassment for merits, but he could still become Chancellor in subsequent rounds.

The bond market is steady here now as the Federal Reserve meets today and tomorrow to consider what to do about tariffs that can be both inflationary and recessionary at the same time.

Our coverage will be in the Marketplace Morning podcast. S&P Futures are down six-tenths of a percent now.

133 Catholic Cardinals are expected in the Sistine Chapel tomorrow to start choosing the next Pope, and people around the world are placing millions of dollars in bets over who they think will get the two-thirds majority required to be the Catholic Church's next leader.

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