OpenAI announced that it will maintain control under its nonprofit parent while restructuring its for-profit arm to better raise capital in the competitive AI landscape. This decision follows criticism and a lawsuit from Elon Musk concerning deviations from its mission to develop AI for humanity's benefit. The nonprofit will oversee a new public benefit corporation aimed at enabling profit alongside social objectives. Key stakeholders, including Microsoft, will aid in finalizing this plan, which aims to balance capital influx with ethical considerations in AI development.
OpenAI decided to keep its nonprofit parent in control while changing its for-profit arm to better raise capital for the AI race.
The nonprofit will maintain oversight while a new public benefit corporation aims to raise capital, balancing profit with ethical AI development.
CEO Sam Altman characterized the decision as a compromise that satisfies investors while aligning with the companyâs foundational mission.
Bret Taylor highlighted that the structure remains close to its original model, ensuring social goods alongside profit-making objectives.
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