OpenAI confirms plans to become a for-profit company

OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI lays out plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
OpenAI admits it needs more cash for its for-profit vision
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year,
Sam Altman wants to hear from you on what OpenAI should build next year. Here are 3 ideas that have caught his eye so far.
Sam Altman asked his followers on X for ideas to improve OpenAI in 2025.Altman responded to suggestions about creating family ...
Elon Musk Vs. Sam Altman: Inside The Feud Over OpenAI And ChatGPT
A story of control and competition unfolds, with the ongoing feud between OpenAI co-founders, Elon Musk and Sam Altman.
Sam Altman chats with users and reveals possible new ChatGPT features for 2025
OpenAI concluded 2024 with a bang, hosting a “12 Days” event of AI announcements mostly focused on ChatGPT. The ChatGPT o1 ...
Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time ...
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
PCMag on MSN6d
OpenAI CEO Sam Altman Calls Former Business Partner Elon Musk ‘a Bully’
Altman claimed that Musk's opposition to OpenAI's potential for-profit transition comes from his desire to remain in control ...
Sam Altman’s OpenAI ChatGPT o3 Is Betting Big On Deliberative Alignment To Keep AI Within Bounds And Nontoxic
Sam Altman finished the OpenAI "12 days of shipmas" with a reveal of ChatGPT o3 and a new method called deliberative ...
Sam Altman's universal basic income experiment reveals benefits and limitations in addressing AI job losses
The impact generative AI is having on the jobs market is well documented. Altman, boss of ChatGPT-maker OpenAI, said that in ...
OpenAI is Switching to a New For-Profit Model
In a recent blog post, OpenAI revealed plans to split into two entities: a Public Benefit Corporation (PBC) and a non-profit ...
OpenAI's Sam Altman says AGI is becoming a "less useful term" with o1 — "astonishing cognitive capabilities" predicted before 2026
Interestingly, the executive foresees OpenAI unlocking new heights in AI progression, leading to AI systems that "can do ...