Some of the most powerful and influential companies remain in the hands of the executives who founded them and who are almost ...

With the transformation, OpenAI will notably depart from its founding principles from 2015 as a non-profit research lab. The ...

OpenAI is one step closer to changing its governance structure from nonprofit to for-profit. The AI startup is in preliminary ...

What are OpenAI CEO Sam Altman’s motivations in restructuring his tech firm into a public benefit corporation? Amendments to ...

OpenAI and a representative for the California Attorney General did not immediately respond to Reuters' requests for comment.

A shift to being a for-profit company would mark a drastic reversal in governance structure for the AI pioneer, which was ...

In a recent discussion with Y Combinator’s President and CEO, Garry Tan, OpenAI CEO Sam Altman emphasized that the rapid ...

Sam Altman-led OpenAI is in early talks with the California attorney general’s office to change its corporate structure in a bid to become a for-profit business, Bloomberg News reported on Monday, ...

OpenAI should consider establishing a “purpose trust”, Kassoy said, similar to the governance structure adopted by its competitor Anthropic. Anthropic has a special class of shares ...

A for-profit structure would be much more conventional for the investors OpenAI is courting. OpenAI is one step closer to changing its governance structure from nonprofit to for-profit.