OpenAI has been trying to switch from a nonprofit business model to a for-profit corporation for a while now, drawing intense criticism along the way. That’s no longer happening now, thanks to the latest development coming from Sam Altman & Co. But because OpenAI wants to develop AGI, and because people use so much ChatGPT AI that OpenAI can’t keep up, the company is switching to a Public Benefit Corporation (PBC) structure that will be under the full control of the nonprofit entity.
Obviously, they’re also doing it because this structure will allow better compensation for employees who want equity and the growing list of investors who are pouring billions into OpenAI and will want to make money off of ChatGPT in the long run.
The post Why is OpenAI so hellbent on changing its structure? appeared first on BGR.
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Why is OpenAI so hellbent on changing its structure? originally appeared on BGR.com on Tue, 6 May 2025 at 06:50:00 EDT. Please see our terms for use of feeds.