Enlarge (credit: Benj Edwards / OpenAI) On Wednesday, Reuters reported that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation, moving away from control by its nonprofit board. The shift marks a dramatic change for the AI company behind ChatGPT, potentially making it more attractive to investors while raising questions about its commitment to sharing the benefits of advanced AI with "all of humanity," as written in its charter. A for-profit benefit corporation is a legal structure that allows companies to pursue both financial profits and social or environmental goals, ostensibly balancing shareholder interests with a broader mission to benefit society.

Topics:  enlarge   benj edwards    openai    on wednesday   reuters   chatgpt   anthropic   elon musk   ceo sam altman   read   comments   a   openai   ai   altman   shift   nonprofit   for-profit   equity   benefit   mission   
BING NEWS:
  • Sam Altman to Receive Equity as OpenAI Shifts to For-Profit Model
    The restructuring of OpenAI, known for its creation of ChatGPT, is poised to remove control from the non-profit board, shifting power to a for-profit entity. Investors have been eager for this ...
    09/24/2024 - 1:00 pm | View Link
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