OpenAI’s unusual structure became an issue in 2023 when Altman was suddenly fired and then, after several days of chaos, reinstated
OpenAI said it was closer to converting into a more traditional for-profit company – nearing the resolution of painful negotiations with top shareholder Microsoft and outlining terms of at least US$100 billion in equity for its non-profit arm.
Planned changes will give the existing OpenAI non-profit control over a new public benefit corporation, Chairman Bret Taylor said in a statement Thursday. And it would provide the non-profit with an equity stake that would make it “one of the most well-resourced philanthropic organisations in the world”, he wrote.
“OpenAI started as a non-profit, remains one today, and will continue to be one – with the non-profit holding the authority that guides our future,” Taylor said in the statement.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 21 ad partner(s), or used specifically by this site or app.
