OpenAI Bids To Shift to For-Profit Company

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OpenAI may transition from a nonprofit to a more conventional corporate structure, potentially becoming a public benefit corporation.

OpenAI, the San Francisco-based artificial intelligence company known for products such as ChatGPT, may soon transition from its nonprofit roots to a conventional corporate structure.The move would signify a substantial shift in its operational focus, aligning it more closely with shareholder interests.

Leike criticized the organization for compromising safety standards in favor of rapid product development.The leadership shakeup comes against the backdrop of OpenAI's complex governance structure. Founded in 2015 with the goal of developing safe, beneficial AI, the organization has rapidly evolved into a formidable commercial entity.

 

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OpenAI looks to shift away from nonprofit roots and convert itself to for-profit companyOpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
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OpenAI looks to shift away from nonprofit roots and convert itself to for-profit companyOpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
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