OpenAI to transition away from non-profit structure in 2024

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.