OpenAI in talks with California to become for-profit company: Report

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Sam Altman-led OpenAI is in early talks with the California attorney general's office to change its corporate structure in a bid to become a for-profit business, Bloomberg News reported on Monday (Nov 4), citing two people familiar with the matter.

FILE PHOTO: A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoSam Altman-led OpenAI is in early talks with the California attorney general's office to change its corporate structure in a bid to become a for-profit business, Bloomberg News reported on Monday , citing two people familiar with the matter.

A shift to being a for-profit company would mark a drastic reversal in governance structure for the AI pioneer, which was founded in 2015 as a non-profit AI research lab. However, the move would make the firm more attractive to investors.

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