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OpenAI Outlines Plans to Becoming For-Profit
The Philippine Star
|January 03, 2025
ChatGPT-maker OpenAI has laid out plans for a new corporate structure, shifting away from control by a non-profit — an issue of contention for the artificial intelligence trailblazer.
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OpenAI was founded as a non-profit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making.
But it has been seeking to become a for-profit public benefit corporation (PBC), which could attract more investment.
In a blog post, the company said it plans to restructure as a PBC, which "requires the company to balance shareholder interests, stakeholder interests, and a public benefit interest in its decision making."
"It will enable us to raise the necessary capital with conventional terms like others in this space," OpenAI added.
Esta historia es de la edición January 03, 2025 de The Philippine Star.
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