Reported about 10 hours ago
OpenAI has decided to abandon its plans for for-profit status, confirming that its original non-profit arm will continue to oversee the company. This decision follows restructuring efforts and a response to concerns over prioritizing profit. OpenAI, known for developing ChatGPT, will now operate as a public benefit corporation, balancing the interests of shareholders with its mission to safely advance AI for humanity.
Source: YAHOO