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OpenAI CEO hints at transitioning to a benefit or for-profit corporation

Jun 15, 2024 1 min read

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OpenAI CEO Sam Altman has indicated that the company is contemplating a shift in its governance structure to a for-profit business that would not be controlled by its current nonprofit board. Altman mentioned that one potential model under consideration is a for-profit benefit corporation, similar to the structures employed by competitors such as Anthropic and xAI.

The discussions around this restructuring are ongoing and could lead to different governance approaches. In response to inquiries, OpenAI affirmed its commitment to building artificial intelligence that benefits all. The company did not immediately respond to a Reuters request for further comment.

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