OpenAI’s CEO says the company may become a for-profit corporation, The Information reports

Featured in:
abcd

(Reuters) – OpenAI CEO Sam Altman told some shareholders the company is considering changing its management structure to a for-profit business over which the nonprofit’s board has no control, The Information reported on Friday.

According to Altman, one scenario the board is considering is a for-profit company that benefits from rivals such as Anthropic and xAI, the report said, citing a person who heard the comments.

sadasda

Restructuring discussions are fluid and Altman and his fellow executives may ultimately decide to take a different approach, The Information added.

In response to Reuters queries about the report, OpenAI said: “We remain focused on building AI that benefits everyone. This nonprofit organization is core to our mission and will continue to exist.”

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

How many 45-year-old would need to invest in ISA...

Image source: Getty Images Building passive...

Key offers this week: Servicenow, Eaton, Crown Castle, Victoria’s...

March 15, 2025 15:15 andServicenow, Inc. (now) Actions, CCI actions, ETN actions, RKT shares, VRN shares, Alt...