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OpenAI Outlines New For-Profit Structure In Bid To Stay Ahead In Costly AI Race

OpenAI Outlines New For-Profit Structure In Bid To Stay Ahead In Costly AI Race

OpenAI, the company that makes ChatGPT, says in blogpost ‘we once again need to raise more capital than we’d imagined’

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Bruce Burke
Dec 28, 2024
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Neural News Network
Neural News Network
OpenAI Outlines New For-Profit Structure In Bid To Stay Ahead In Costly AI Race
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OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup.

“The hundreds of billions of dollars that major companies are now investing into AI dev…

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