Money Matters OpenAI may be raking in the investor dough, but thanks in part to erstwhile cofounder Elon Musk, the company won't be going entirely for-profit anytime soon. In a blog post, the Sam Altman-run company announced that it would remain under the control of its original non-profit governing board as it shifts its planned restructuring efforts of its for-profit arm. "Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)," the post reads, "a purpose-driven company structure that has to consider the interests of both shareholders and the mission." Though […]

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Link :
https://futurism.com/the-byte/openai-abandons-for-profit