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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,
Shift toward for-profit structure puts OpenAI's corporate soul at risk
OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.
Is OpenAI Shifting It’s Focus To Profits?
When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to be that way?
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 Discusses Giving Altman 7% Stake 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 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,
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on MSN
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 ...
Kennebec Journal
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OpenAI looks to shift away from nonprofit roots, convert 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 ...
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OpenAI execs desperately trying to reassure staff after departure of key leadership figures
The sudden departure of Chief Technology Officer Mira Murati left many staff members unsettled, especially as it coincided ...
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OpenAI CFO Sarah Friar Reassures Staff Of 'Incredibly High' Investor Interest As CTO Mira Murati And Key Executives Exit Amid Major Strategic Shift
OpenAI's CFO Sarah Friar reportedly informed employees that investor interest in the company's funding round was "incredibly ...
Axios on MSN
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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 ...
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Top executives leave OpenAI amid for-profit push
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The ...
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