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OpenAI CEO says company could become for-profit corporation, The Information reports
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OpenAI CEO says company could become for-profit corporation, The Information reports
Jun 14, 2024 10:48 PM

June 14 (Reuters) - OpenAI CEO Sam Altman told some

shareholders that the company is considering changing its

governance structure to a for-profit business that the firm's

nonprofit board doesn't control, The Information reported on

Friday.

One scenario Altman said the board is considering is a

for-profit benefit corporation, which rivals such as Anthropic

and xAI are using, the report said, citing a person who heard

the comments.

The restructuring discussions are fluid and Altman and his

fellow directors could ultimately decide to take a different

approach, The Information added.

In response to Reuters' queries about the report, OpenAI

said: "We remain focused on building AI that benefits everyone.

The nonprofit is core to our mission and will continue to

exist."

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