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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.