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

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

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

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.