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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