Reported 5 days ago
OpenAI CEO Sam Altman revealed plans for the company to transition from a nonprofit-backed model to a for-profit corporation in 2025, aiming to enhance its competitiveness in the AI market and raise additional capital. This change comes as OpenAI seeks to satisfy investor demands amidst rising competition and an insatiable need for funding, signaling a shift towards a more traditional profit structure to facilitate growth and investment opportunities.
Source: YAHOO