Official announcement from OpenAI or verified press releases

OpenAI CEO Sam Altman Considers For-Profit Transition Following Special Review

Jun 15, 2024, 01:15 AM

OpenAI CEO Sam Altman has privately indicated that the company is considering a significant shift in its governance structure. Altman has told investors and shareholders that OpenAI may transition from its current nonprofit status to a for-profit business model. This move would align OpenAI with other AI companies like Anthropic and xAI, which operate as benefit corporations. The potential change could see OpenAI no longer being controlled by a nonprofit board, marking a substantial shift in its operational framework. The Information reported that this consideration follows a Special Review that may have been signaling this possible change.