Reported about 20 hours ago
OpenAI is contemplating a shift to a more conventional business model, forming a public benefit corporation that would operate alongside its nonprofit side. The board aims for this new structure to attract investors while retaining its original mission of benefiting society. The nonprofit would hold shares in the for-profit entity, ensuring long-term success and aiding charitable initiatives in sectors like healthcare and education. This move comes amidst legal challenges from co-founder Elon Musk over its nonprofit status.
Source: YAHOO