CEO Sam Altman says ... for-profit. That will not change. The for-profit LLC under the nonprofit will transition to a Public Benefit Corporation (PBC) with the same mission. PBCs have become ...

OpenAI abandoned its effort to shift to a for-profit corporate structure, instead opting for a public benefit corporation ...

CEO Sam Altman published a letter announcing the plan on Monday.

The maker of ChatGPT said it made the decision to remain under the control of a nonprofit organization.

The company's announcement comes after other nonprofit leaders have raised concerns about OpenAI's decision to move its ...

Under its initial reform plan revealed last year, OpenAI would have become an outright for-profit public benefit corporation ...