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

A central issue in the negotiations is determining how much equity Microsoft will receive in the restructured OpenAI in ...

ChatGPT maker OpenAI said Monday that its nonprofit will remain in control over its for-profit business, as the startup moves forward with plans to change its organizational structure. The move ...

OpenAI CEO Sam Altman became a household name after the release of OpenAI's groundbreaking AI model, ChatGPT.

She will continue serving as Chair of the Instacart Board after stepping down as CEO. OpenAI’s evolving structure and AI ... such as its hit ChatGPT and Microsoft’s Copilot (also powered ...

He said OpenAI would work with major backer Microsoft (MSFT.O), opens new ... He added he was concerned that in the PBC structure, the board would be obligated to maximize shareholder value.

OpenAI currently operates under a hybrid structure in which OpenAI Inc is a non-profit organisation and OpenAI LLC, of which software giant Microsoft ... have a separate board from the for-profit ...

Now, OpenAI’s nonprofit board — the one that briefly fired ... In a memo to OpenAI employees, Altman says the old subsidiary structure that capped returns “made sense when it looked like ...

Instead, it will “continue to be overseen and controlled" by its non-profit board ... but a change of structure to something simpler." Also Read: OpenAI’s for-profit pivot is not surprising ...

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