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slash UK slash AI for people. Here's your TNB Tech Minute for Monday, May 5th. I'm Victoria

Craig for the Wall Street Journal. A controversial plan to convert

chat GPT maker OpenAI from a non-profit entity to a for-profit one has been called off.

OpenAI has been working on a change to its business structure in the roughly year and a half

since co-founder Sam Altman was briefly ousted by the board. But after discussions with civic leaders and the

attorneys general of California and Delaware, the company said it'll instead transform its for-profit

subsidiary into a public benefit corporation that's controlled by the nonprofit parent. During a press

conference today, Altman said the change will allow the company to have a, quote, more understandable structure.

The move to a for-profit status was said to be a critical component of a $40 billion fundraising round for OpenAI.

Elsewhere, the European Union is looking to lure top scientists and AI researchers to its shores as President Trump moves to cut funding

for federal research and U.S. universities. EU Commission President Ursula von der Leyen said in a speech

today she wants Europe to be a leader, in quote, priority technologies from AI to quantum, from space

semiconductors and microelectronics to digital health, genomics, and biotechnology.

The block plans to put a number of policies in place to encourage foreign scientists to relocate there.

And finally, there's a new CEO in the wings at Udelsat, a European alternative to Elon Musk's satellite systems company Starlink

that we talked about last month on tech news briefing.

Effective June 1st, Jean-François Falichet will join Yudelsat, which has said it's committed to boosting Europe's autonomy and satellite-based connectivity and to supplying Internet access to Ukraine,

whose front line Musk has said would collapse if he were to

turn off Starlink access. Fallichet comes to UtilSat from French telecoms company Orange, where he

led an expansion across Europe. For a deeper dive into what's happening in tech, check out Tuesday's

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