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.

Two journalists explore the artificial intelligence company OpenAI and present complementary portraits of its notorious ...

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 ...

Fidji Simo is leaving Instacart for a newly created role at Sam Altman’s startup as it prepares for a potential public ...

Ambience is part of the red-hot market that uses AI to draft clinical notes in real time as doctors consensually record their ...

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 ...

On Wednesday, OpenAI announced that Instacart CEO Fidji ... Simo, who has served on the company's board since March 2024, will oversee business and operational teams while continuing to report ...

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

Fidji Simo spent more than a decade at Facebook and currently serves as the CEO of Instacart. Fidji Simo spent more than a decade at Facebook and currently serves as the CEO of Instacart.

OpenAI will instead convert its for-profit subsidiary into a public benefit corporation — a move that will remove limits on returns that investors can receive, but leaves the non-profit board ...