OpenAI details plans to turn into a for-profit company

OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI announces plan to transform into a for-profit company
OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.
OpenAI reveals how it will transform into a for-profit company
OpenAI is getting a corporate makeover. The ChatGPT maker revealed in a company blog post (via The New York Times) that it plans to undergo some changes at the structural level soon. Specifically, OpenAI will become a Public Benefit Corporation,
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
OpenAI outlines plans to becoming for-profit company
ChatGPT-maker OpenAI laid out plans Friday for a new corporate structure shifting away from control by a non-profit—an issue of contention for the artificial intelligence trailblazer.
Confirming rumors, OpenAI details plans to turn into a for-profit company
Rumors that OpenAI plans to spin off its for-profit arm have been swirling since August. The restructuring was reportedly a condition of the ChatGPT developer’s recently closed $6.6 billion funding round: investors can ask for their money back if OpenAI doesn’t complete the reorganization within two years.
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta are already fighting the move.
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