OpenAI looks to shift away from nonprofit roots and convert itself to a for-profit corporation
OpenAI, known for its history as a nonprofit research institute that also ventures into selling commercial products like ChatGPT, is contemplating a significant transformation. The San Francisco-based company is exploring the possibility of transitioning into a for-profit corporation answerable to shareholders. This potential shift entails converting OpenAI into a public benefit corporation, as per a source familiar with the discussions but not authorized to speak publicly about them.
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