OpenAI eyes a business restructuring: Reuters

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Sam Altman,Benefit Corporation,Nonprofit Group

OpenAI is looking to make some big changes to its business. According to a report from Reuters, the ChatGPT maker is looking to shift its core business to a ...

, the ChatGPT maker is looking to shift its core business to a for-profit benefit corporation that will no longer be controlled by its nonprofit board. The report states that the nonprofit group would have a stake in the for-profit company, as would OpenAI founder Sam Altman.

The reason why there was this whole nonprofit originally was because uh they could kind of pull the plug uh at any point and say, look you know, this isn't safe. Uh They also just announced uh uh new models uh recently, I mean, it, you know, it, it's obviously there was a tumult with Altman being ousted by the nonprofit side and then being brought back in and then having that, uh, board reconstructed.

A boomer said he's struggling to survive on Social Security after retiring early to care full-time for his wife NEW YORK, September 25, 2024--Investcorp Credit Management BDC, Inc. announced its financial results today for its fourth quarter and fiscal year ended June 30, 2024.

 

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