OpenAI made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with ...

OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT and other ...

In 2019, the organization transitioned to a "capped" for-profit model, creating OpenAI LP, a limited partnership designed to attract capital while adhering to its mission. This structure allowed ...

OpenAI shifts to a Public Benefit Corporation, prioritizing ethics over profit in the race for AGI. Discover how this move ...

If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs. OpenAI has been trying to switch from a nonprofit business model to a for-profit ...

Instead, the nonprofit will continue to oversee the for-profit OpenAI LP while also becoming a significant shareholder in it. A Musk-led consortium previously made a $97.4 billion acquisition ...

This led to OpenAI creating a capped‑profit subsidiary named OpenAI LP, in 2019, to attract capital while ostensibly limiting any investor’s returns. This hybrid model meant investors and ...

OpenAI Backtracks, Says Nonprofit Will Retain Control: How Did Musk & Microsoft Respond? Your email has been sent OpenAI’s CEO Sam Altman. Image: Creative Commons OpenAI is reversing a ...

OpenAI has told investors it will share a smaller fraction of revenue with major backer Microsoft as it moves ahead with its restructuring, The Information reported on Tuesday. The ChatGPT-maker ...

OpenAI says its nonprofit will remain in control. The company is in the process of transforming its structure as it looks to better position itself to raise more money to train its AI. Its latest ...