OpenAI has decided that its nonprofit division will retain control over its for-profit org, after the company initially announced that it planned to convert to a for-profit organization.

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Boss Sam Altman said OpenAI would remain under the control of its non-profit board, while becoming what is known in the US as a public benefit corporation. Mr Altman had put forward a similar plan in ...

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OpenAI’s unusual equity structure makes it difficult for employees to donate a portion of their holdings to charity.

OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and state officials.

Simo’s appointment may also hint at a broader productization push within OpenAI. Her background at Facebook and Instacart ...

The charitable nonprofit that controls OpenAI should maintain its full management control over the new for-profit entity as part of its planned conversion to a private benefit corporation, five ...