OpenAI has announced plans to transition into a public benefit corporation in the new year, aiming to remove nonprofit ...

OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company. Under the proposed ...

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will ...

In 2023, for the first time, over half of seniors on Medicare were enrolled in a for-profit plan, not traditional Medicare. Studies have repeatedly shown that many of these private, for-profit ...

OpenAI CEO Sam Altman reveals financial losses with its ChatGPT Pro subscription, as company plans restructuring to balance ...

Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation (PBC) - a structure designed to consider the interests of society in ...

“Our plan would result in one of the best resourced non-profits in history,” claims OpenAI. Following the reorganization, the for-profit division would be responsible for overseeing OpenAI’s ...

is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a nonprofit arm. The board is evaluating a plan that would turn ...