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  • btc = $62 867.00 986.36 (1.59 %)

  • eth = $2 452.26 52.44 (2.19 %)

  • ton = $5.33 0.07 (1.40 %)

15 Sep, 2024
1 min time to read

OpenAI is set to shift from its current non-profit-controlled structure to a more traditional for-profit company next year, as revealed by CEO Sam Altman during a staff meeting.

While details of the new corporate framework remain unclear, OpenAI will retain a non-profit division focused on its core mission of creating AI that benefits everyone. Initially founded in 2015 as a non-profit, the company had since introduced a for-profit subsidiary to attract necessary funding.

OpenAI's revenue has surged, reportedly doubling in the first half of 2024.