OpenAI is a strange company for strange times. Valued at $300 billion—roughly the same as seven Fords or one and a half ...

CEO Sam Altman published a letter announcing the plan on Monday.

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

In a letter to the employees, Altman said, “We made the decision for the nonprofit to retain control ... OpenAI’s investors receive convertible notes that will turn into equity. As OpenAI ...

ChatGPT maker OpenAI announced Monday that it will remain under control of its nonprofit board. Rather than transitioning toward a for-profit structure as planned, OpenAI said the limited liability ...

The company's announcement comes after other nonprofit leaders have raised concerns about OpenAI's decision to move its commercial business into its own for-profit company.

OpenAI will remain under the control of a non-profit, the startup at the heart of the generative artificial intelligence boom said on Monday, months after it outlined plans to revamp its structure to ...

OpenAI has bowed to pressure from civic leaders and ex-employees, announcing in a blog post on Monday that its nonprofit would retain control of the company even as it restructures into a public ...

(Reuters) - OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman's power over the pioneering maker ...

After months of pursuing a plan to convert itself into a for-profit business, OpenAI is reversing course and said Monday its nonprofit will continue to control the company that makes ChatGPT and ...

(Michael Dwyer / Associated Press) 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 ...