ChatGPT maker OpenAI announced Monday that it will remain under control of its nonprofit board. Rather than transitioning ...

OpenAI’s possible restructuring to a for-profit model is receiving pushback from former staff, Nobel Laureates, and AI pioneers.

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

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

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

Now, OpenAI’s nonprofit board — the one that briefly ... Back then, we did not contemplate products, a business model. We could not contemplate the direct benefits of AI being used for medical ...

In late 2015, at a hurried dinner at Silicon Valley’s Rosewood Hotel, the then-President of tech incubator Y Combinator, Sam Altman, and Elon Musk, who was focused on building Tesla and SpaceX ...

Microsoft and Elon Musk team up to bring Grok 3 to Microsoft users amid legal battle between Musk and Open AI/Microsoft.

Now there’s no limit on how much OpenAI shareholders—including investors and employees—can earn. Dropping the capped-profit model was also a condition of OpenAI’s last two funding rounds.

This shift raises questions about whether OpenAI can maintain its focus on humanity’s collective well-being while operating under a profit-driven model. The restructuring of OpenAI has sparked ...

In 2019, the organization transitioned to a "capped" for-profit model, creating OpenAI LP, a limited partnership designed to attract capital while adhering to its mission. This structure allowed ...

The original nonprofit is the controlling shareholder and would ... or the needs for hundreds of billions of dollars of compute to train models and serve users." Altman said OpenAI may still need to ...