OpenAI to Restructure as For-Profit Corporation, CEO Altman to Receive Equity in Multi-Billion Dollar Move

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, reports said.

The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, said people familiar with the matter. The move could also have implications for how the company manages AI risks in a new governance structure, they said.

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