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OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company | MATT O'BRIEN, KELVIN CHAN and THALIA BEATY / AP Business Writers

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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.

FILE – Sam Altman, right, CEO of ChatGPT maker OpenAI, and Mira Murati, chief technology officer, appear at OpenAI DevDay, OpenAI’s first developer conference, on Nov. 6, 2023 in San Francisco.

No final decision has been made by the board and the timing of the shift hasn’t been determined, the source said. “We remain focused on building AI that benefits everyone and as we’ve previously shared we’re working with our board to ensure that we’re best positioned to succeed in our mission,” it said in a written statement. “The nonprofit is core to our mission and will continue to exist.”

Altman asserted Thursday that the resignations of Murati, Chief Research Officer Bob McGrew and another research leader, Barret Zoph, were “just about people being ready for new chapters of their lives and a new generation of leadership.” It may not be easy to change OpenAI’s corporate structure, even if it’s designed to make investors and employees happy.

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