OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board of directors whose mission is to help humanity.
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity
Reuters reported that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation, moving away from control by its nonprofit board. The shift marks a dramatic change for the AI company behind ChatGPT,
OpenAI plans ‘for-profit’ shift amid leadership departures and restructuring
Enterprise partners and investors may reevaluate their relationship with the company as its priorities shift under the new structure.
OpenAI announces its shift to a for-profit corporation
ChatGPT-maker OpenAI will restructure into a for-profit benefit corporation that will no longer be controlled by its non-profit board.
OpenAI Bids To Shift to For-Profit Company
OpenAI may transition from a nonprofit to a more conventional corporate structure, potentially becoming a public benefit corporation.
OpenAI weighs shift to for-profit entity, 7% stake for Sam Altman
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.
OpenAI makes major shift its non-profit model with bold move
OpenAI is reportedly planning a major shift in its corporate structure, moving away from its original non-profit roots. To attract investors, ChatGPT creator is preparing to reorganise its main operations into a for-profit benefit corporation
OpenAI Discusses 7% Stake for Altman in For-Profit Shift
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.
OpenAI pushes ahead with for-profit plans and talks to give Sam Altman a stake
OpenAI is moving ahead with plans to restructure as a for-profit company and is in discussions to give chief executive Sam Altman a stake as it confronts a series of senior departures including its high-profile chief technology officer Mira Murati.
It looks like Sam Altman will get richer off of OpenAI after all — maybe $10.5 billion richer
OpenAI plans to make big changes to its corporate structure, two reports say. That is expected to pave the way for CEO Sam Altman to get even richer.
OpenAI To Restructure Into For-Profit Company, Give Altman Stake, Reports Say
Key Takeaways Microsoft-backed OpenAI reportedly is planning to restructure to become a for-profit organization.According to Reuters, which first reported the plan, OpenAI is in talks to give CEO Sam Altman equity worth up to $150 billion,
Axios on MSN1h
What's behind OpenAI's potential governance shift
It turns out that OpenAI's status as a nonprofit might've been the most artificial thing about it. Why it matters: A ...
OpenAI May Shift to Being a PBC. What Does That Mean?: QuickTake
OpenAI’s managers are weighing whether to turn the fast-growing artificial intelligence pioneer into a public benefit corporation (PBC) that would no longer be controlled by its nonprofit board.
OpenAI looks to shift away from nonprofit roots, convert to for-profit company
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
Sun Journal23h
OpenAI looks to shift away from nonprofit roots, convert to fully for-profit company
No final decision has been made by the board and the timing of the shift hasn’t been determined, the source said.
OpenAI looks to shift away from nonprofit roots and convert itself to fully for-profit company
While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board of directors whose mission is to help humanity.
Mira Murati’s exit sets the stage for OpenAI’s reinvention as a profit-first corporation
The company has been radically transformed in the 10 months since CEO Sam Altman was temporarily removed in a boardroom coup ...