Following the sudden departure of Mira Murati as CTO of OpenAI, CEO Sam Altman is apparently about to get stock in the company for the first time as OpenAI moves away from its long-standing nonprofit structure
According to people familiar with the issue, Reuters, OpenAI wants to change its structure and become a for-profit benefit corporation, like Anthropic and Elon Musk’s xAI. The nonprofit OpenAI board, which is in charge of OpenAI’s for-profit operations right now, will give up control of the new for-profit OpenAI company but will keep a small stake in it.
The change is meant to make OpenAI more appealing to outside investors who don’t like how the company currently limits profits. But people who care about AI safety are going to wonder if OpenAI can hold itself accountable as it works to make AI that is smarter than humans.
Reuters says many facts and dates about the restructuring plan are still being worked out.