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Good morning from the Financial Times.
Today is Tuesday, May 6th, and this is your FT News Briefing.
OpenAI is ditching restructuring plans,
and the U.S. stock market has clawed its way back from a tariff-led shock.
Plus, a lawsuit against Meta will be a critical test for AI copyright infringement.
I'm Mark Filippino, and here's the news you need to start your day.
OpenAI is going to stay a non-profit.
The decision comes after significant backlash to OpenAI's proposed corporate restructuring to a for-profit company.
Some of that backlash came in the form of a lawsuit from former co-founder Elon Musk.
Critics say the company might lose focus on its mission if it were to convert to a for-profit.
That mission is to make sure that artificial intelligence benefits humanity.
CEO Sam Altman denied that outside pressure motivated the decision to stay a non-profit.