Welcome to the Tech meme right home for Tuesday, May 6, 2025. I'm Brian McCullough today. Open AI

backtracks in a major way saying its nonprofit entity will remain in control of business operations.

Huge consolidation happening all at once in the food delivery space.

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defense tech startups, and Xi'an and Temu turn to Europe to stay afloat.

Here's what you miss today in the world of tech.

Well, this is quite the sudden reversal. OpenAI has backtracked and now says its non-profit

entity will remain in control of its business operations after what they are calling a, quote,

constructive dialogue with civic leaders and the Delaware and California attorneys general,

quoting TechCrunch. According to the company, OpenAI's business wing, which has been under the nonprofit

since 2019, will transition to a public benefit corporation, or PBC. The nonprofit will control

and also be a large shareholder of the PBC. OpenAI was founded as a nonprofit and is today

overseen and controlled by that nonprofit. OpenAI board chairman Brett Taylor

wrote in a statement on the company's blog. Going forward, it will continue to be overseen and

controlled by that nonprofit. OpenAI says that it made the decision, quote, after hearing from

civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware

and the Attorney General of California. We thank both offices,

and we look forward to continuing these important conversations to make sure OpenAI can

continue to effectively pursue its mission, Taylor said. The stakes were high for OpenAI, which

needed to complete its for-profit conversion by the end of this year or next, or risk relinquishing

some of the capital the company has raised in recent

months, according to reports. It's unclear what consequences may befall OpenAI now that it's

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