OpenAI describes its business structure as “a partnership between our original nonprofit and our new capped profit division,” following last year’s short-lived board coup against CEO Sam Altman and Contributing factors to the recent lawsuit filed by co-founder Elon Musk. But that’s reportedly set to change as a new massive funding round is still being negotiated, but could value the ChatGPT maker at more than $150 billion.
Reuters Under the new structure, OpenAI will continue to operate as a for-profit company, like rival artificial intelligence company Anthropic, the sources said.
The business will “no longer be controlled by its nonprofit board” and become more attractive to investors, with the nonprofit retaining a minority stake. However, this may be troubling for those concerned about OpenAI’s approach to safety and potential profit as the company pursues artificial intelligence models capable of reasoning.
When Altman returned as CEO in November, his letter referred to “improving our governance structure,” a goal that seemed to be taking shape as other executives left. OpenAI chief technology officer Mira Murati announced her exit today. Reuters It noted that president Greg Brockman has been on leave, and former chief scientist Ilya Sutskever left the company earlier this year.
Updated September 25: Information added from Burundi.
