OpenAI made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with ...

OpenAI, the parent company of ChatGPT, has ditched its push to become a for-profit company after heavy criticism from Elon ...

The company's announcement comes after other nonprofit leaders have raised concerns about OpenAI's decision to move its ...

OpenAI drops plan to become a fully for-profit company Non-profit will remain the top governing body in the new setup ...

OpenAI is moving forward with plans to become a more conventional for-profit business, but with a key change designed to ...

OpenAI plans to remain under nonprofit control as it restructures its for-profit business into a Public Benefit Corporation, the company announced Monday.

OpenAI said Monday its nonprofit wing will keep control over for-profit operations after initial plans to convert the company ...

As part of what Taylor described as a “recapitalization,” the nonprofit’s existing for-profit arm will convert into a public benefit corporation “that has to consider the interests of both ...

On Monday, OpenAI said the nonprofit parent will control the public benefit corporation and become a big shareholder in it. Nonprofits are created to serve the public good, while public benefit ...

The nonprofit already has a for-profit arm, but that arm will be converted into a public benefit corporation “that has to consider the interests of both shareholders and the mission,” Taylor said.