OpenAI could evolve into a commercial organization
- June 16, 2024
- 0
OpenAI It may cease to be a non-profit organization and become fully commercial. The company’s current CEO, Sam Altman, plans to shift this to a commercial strategy, The
OpenAI It may cease to be a non-profit organization and become fully commercial. The company’s current CEO, Sam Altman, plans to shift this to a commercial strategy, The Information reported. All things considered, Altman informed shareholders of this potential move and said it would be evaluated during the week of June 10.
If it matters OpenAI If a switch to a for-profit business strategy was to take place, it would mean that the current non-profit board would lose control of the company.
According to Altman, the board is considering a scenario of creating a for-profit charity that would be used by competitors such as Anthropic and xAI. So far, restructuring discussions have been volatile, and Altman and his fellow executives may eventually take a different approach.
Source: Port Altele
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