OpenAI is reportedly moving away from its complicated non-profit structure next year

Sam Altman announced that OpenAI will transition from its complex non-profit structure to a more traditional for-profit organization next year. Originally founded as a non-profit in 2015, OpenAI adopted this model to secure funding, creating a for-profit subsidiary to scale operations. While the company’s non-profit entity will continue, the shift aims to accommodate its booming revenue, doubling to $3.4 billion in early 2023, largely driven by subscription services like ChatGPT. This change raises questions about OpenAI's future direction and mission. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Engadget