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| CEO Sam Altman inform shareholders that OpenAI is planning to become a for-profit entity |
OpenAI CEO Sam Altman has informed some shareholders that the company is contemplating altering its governance structure to become a for-profit entity that wouldn't be under the control of the nonprofit board, according to a report by The Information. One possible option being considered is a for-profit benefit corporation, similar to what competitors like Anthropic and xAI have adopted, the report mentioned, citing an individual familiar with the discussions.
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| OpenAI deliberations on restructuring to for-profit company |
The deliberations on restructuring are ongoing, and Altman and the board might ultimately choose a different path, The Information noted.
In response to inquiries from Reuters, OpenAI stated: "We remain focused on building AI that benefits everyone. The nonprofit is core to our mission and will continue to exist."
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