OpenAI to remain under non-profit control in change of restructuring plans

May 6, 2025

, By The Economic Times

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OpenAI will remain under the control of a non-profit, the startup at the heart of the generative artificial intelligence boom said on Monday, months after it outlined plans to revamp its structure to create a public benefit corporation that would make it easier to raise capital. OpenAI’s non-profit will continue to oversee the company, CEO Sam Altman said in a letter to employees, adding that the for-profit LLC will transition to a public benefit corporation.

The company was earlier expected to shift to a for-profit governance structure, potentially…

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OpenAI to remain under non-profit control in change of restructuring plans

May 6, 2025

, Published By The Economic Times

OpenAI will remain under the control of a non-profit, the startup at the heart of the generative artificial intelligence boom said on Monday, months after it outlined plans to revamp its structure to create a public benefit corporation that would make it easier to raise capital. OpenAI’s non-profit will continue to oversee the company, CEO Sam Altman said in a letter to employees, adding that the for-profit LLC will transition to a public benefit corporation.

The company was earlier expected to shift to a for-profit governance structure, potentially…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Europe pushes back against US tariffs, saying ‘No thanks’ to buying American

Next News

11x CEO Hasan Sukkar steps down

The Economic Times

More like this

Popular

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