In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm. Going into 2025 ...

OpenAI announced on Monday that the artificial intelligence (AI) giant is scuttling its plan to move the company away from a nonprofit structure to becoming a for-profit company. The ChatGPT-maker ...

Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation (PBC) - a structure designed to consider the interests of society in ...

OpenAI’s new plan gives the company a more conventional capital structure, meaning employees, investors, and the nonprofit will hold equity directly. Microsoft has not yet given its blessing to ...

(Got all that?) Sam Altman, its C.E.O., said on Monday that the revised plan still gives his start-up “a more understandable structure to do the things that a company like us has to do.” ...