Bytes: Week in Review - OpenAI's for-profit troubles, FTC sues Uber and how VCs are weathering Trump tariffs

Marketplace All-in-One

It's the last Friday in April and it's time for Marketplace Tech Bytes Week in Review.

This week, we'll talk about how the Federal Trade Commission is suing Uber over its subscription service.

Plus, how the VC world is navigating the uncertainty created by the trade war.

But first, a nonprofit pivot is facing some challenges. Open AI, the maker of ChatGPT was founded about a decade ago as a nonprofit research lab. It's now looking to restructure as a for-profit — specifically, a public benefit corporation

But that transformation is facing resistance.

About 10 former Open AI employees, along with several Nobel laureates and other experts, have written an open letter asking regulators in California and Delaware to block the change.

They argue that nonprofit control is crucial to Open AI's mission, which is to “ensure that artificial general intelligence benefits all of humanity."

Marketplace’s Stephanie Hughes spoke with Jewel Burks Solomon, managing partner at Collab Capital, about how unusual it is to see this kind of conversion.

YouTube Video of Marketplace Tech Bytes

More on everything we talked about

An Open Letter - Not For Private Gain

Ex-OpenAI workers ask California and Delaware AGs to block for-profit conversion of ChatGPT maker - from the Associated Press

OpenAI’s Latest Funding Round Comes With a $20 Billion Catch - from the Wall Street Journal

FTC Takes Action Against Uber for Deceptive Billing and Cancellation Practices - from the Federal Trade Commission

FTC sues Uber over difficulty of canceling subscriptions, “false” claims - from ArsTechnica

White House Considers Slashing China Tariffs to De-Escalate Trade War - from the Wall Street Journal

VC manufacturing deals were already declining before tariffs entered the picture - from Pitchbook