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OpenAI announces plan to become a for-profit

( December 27, 2024, 17:35 GMT | Official Statement) -- MLex Summary: OpenAI announced its plans to become a for-profit company by making its current for-profit arm into a public benefit corporation with ordinary shares of stock and the OpenAI mission as its public benefit interest. OpenAI says the new plan would result in one of the best resourced non-profits in history. The PBC will run and control OpenAI’s operations and business, while the non-profit will hire a leadership team and staff to pursue charitable initiatives in sectors such as health care, education, and science.Statement follows in full. ...

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