OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company ...Middle East

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OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders. The company’s board is considering a decision that would change the company into a public benefit corporation, according to a source familiar with the discussions who wasn’t authorized to speak publicly about them. 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. That would change if the company converts the core of its structure to a

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Last updated : 26 September 2024 clock 07:24 PM

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OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company ...Middle East

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