OpenAI CEO Sam Altman considers changing governance structure to a for-profit model, possibly a benefit corporation.

OpenAI CEO Sam Altman reportedly told some shareholders the company is considering changing its governance structure to a for-profit business not controlled by its nonprofit board, with a potential option being a for-profit benefit corporation, as used by rivals Anthropic and xAI, according to The Information. OpenAI responded that their nonprofit mission remains core and will continue to exist.

June 15, 2024
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