Sam Altman's OpenAI pursuing switch to for-profit structure to avoid 'hostile takeovers': report
Briefly

from New York Post3 weeks ago
"OpenAI wants to keep that societal licence, with both a mission and a duty, while creating cutting-edge technology," a source told FT.
New York Posthttps://nypost.com/2024/10/09/business/sam-altmans-openai-pursuing-switch-to-for-profit-structure-to-avoid-hostile-takeovers-report/
The restructuring would allow OpenAI to take a 'multipronged approach to fiduciary obligations' and a 'safe harbor' from any activist investors or attempts to challenge Altman.
New York Posthttps://nypost.com/2024/10/09/business/sam-altmans-openai-pursuing-switch-to-for-profit-structure-to-avoid-hostile-takeovers-report/
Read at New York Post
#openai #corporate-structure #for-profit #sam-altman #ai-development
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