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 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 is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks ...
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to ...
ChatGPT-maker OpenAI will restructure into a for-profit benefit corporation that will no longer be controlled by its ...
OpenAI may transition from a nonprofit to a more conventional corporate structure, potentially becoming a public benefit corporation.
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’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end ...
The sudden departure of Chief Technology Officer Mira Murati left many staff members unsettled, especially as it coincided ...
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