OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of ...

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it ...

In a new blog post, OpenAI outlines its plans to become a for-profit organization while maintaining its core mission of ...

ChatGPT maker OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a ...

OpenAI says it wants to transform into a for-profit corporation because it needs "to raise more capital than we'd imagined." ...

OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...

Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, ...

OpenAI's biggest moments in 2024 included lawsuits, Sam Altman's comeback, a historic funding round, and a legal fight with ...

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...

In a blog post Friday, OpenAI laid out its early plans for changing its corporate structure to allow for more capital raising and growth ... that in moving toward a new for-profit structure ...

"It will enable us to raise the necessary capital ... makes it easier to attract new funding. Altman is overseeing the transition just over a year after OpenAI's board temporarily removed him ...

Now, that unusualness is getting in the way of raising more money from ... first time. The new entity will likely be a public benefit corporation registered in Delaware, OpenAI said.