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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

According to The Information, the CEO of OpenAI has stated that the organization could become a for-profit corporation.

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Photo: OpenAI CEO Sam Altman
Reuters

According to The Information, OpenAI CEO Sam Altman informed some shareholders that the company is exploring shifting its governance structure to a for-profit business that is independent of the nonprofit board.

According to the story, Altman stated that the board is considering forming a for-profit benefit corporation, which rivals such as Anthropic and xAI are already doing.

According to The Information, the restructuring negotiations are ongoing, and Altman and his colleagues may finally opt to take a different strategy.
In response to Reuters’ questions regarding the story, OpenAI stated: “We remain committed to developing AI that benefits everyone.” “The nonprofit is central to our mission and will continue to exist.”

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