OpenAI Will Remove Nonprofit Control

The nonprofit OpenAI will continue to exist and own a minority stake in the new company, which could influence how OpenAI manages AI-related risks under the new governance structure.

Sam Altman, CEO of OpenAI. Photo: REUTERS/Denis Balibouse

CEO Sam Altman will receive his first stake in the for-profit company, which could be valued at $150 billion after a restructuring, according to unnamed sources, and will also remove limits on returns for investors.

“We remain focused on developing AI that benefits everyone and are working with the board to ensure the company stays on track,” an OpenAI spokesperson said. “The nonprofit remains core to this mission and will continue to exist.”

The restructuring comes amid a number of leadership changes at OpenAI. OpenAI’s longtime chief technology officer, Mira Murati, unexpectedly announced her departure from the company on Wednesday. Greg Brockman, OpenAI’s president, is also on leave.

Founded in 2015 as a nonprofit AI research organization, OpenAI added the for-profit entity OpenAI LP in 2019 to attract funding from Microsoft to fund its research. The company attracted global attention when it launched ChatGPT, an AI application that generates human-like text content, in late 2022. ChatGPT quickly became one of the fastest-growing apps in history, with more than 200 million weekly active users, spurring a global race to invest in AI.

ChatGPT’s success has helped OpenAI’s valuation soar from $14 billion in 2021 to $150 billion in the new round. The company has attracted investors like Thrive Capital and Apple. OpenAI’s new structure will be similar to its main rival Anthropic and Elon Musk’s xAI, both for-profit companies.

Cao Phong (according to Reuters)

Source: https://www.congluan.vn/openai-se-khong-con-phi-loi-nhuan-va-trao-quyen-so-huu-cho-sam-altman-post313974.html