OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

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Business,Sam Altman,U.S. News

OpenAI’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.

SA Animal Care Services offers free adoptions on dogs weighing 40+ pounds this Friday, SaturdayRed Cross volunteers from Texas deploy to Florida ahead of Hurricane Helene relief effortsGet ready to travel this fall with these Insider DealsFILE - Open AI Chief Executive Officer Sam Altman speaks at the Advancing Sustainable Development through Safe, Secure, and Trustworthy AI event on Sept. 23, 2024, in New York.

No final decision has been made by the board and the timing of the shift hasn’t been determined, the source said. “OpenAI will be stronger for it as we are for all of our transitions,” Altman told the Italian Tech Week event in Turin. “I saw some stuff that this was, like, related to a restructure. That’s totally not true. Most of the stuff I saw was also just totally wrong,” he said without any more specificity.

 

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