In a significant shift for the AI industry, OpenAI, the company behind groundbreaking AI models like ChatGPT, is restructuring from its nonprofit roots to a for-profit benefit corporation. The move, reportedly aimed at attracting more external investment, will see CEO Sam Altman receive his first equity stake in the company.
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The restructuring could propel OpenAI’s valuation to a staggering $150 billion, opening new doors for growth but raising concerns among AI safety advocates about the company’s ethical oversight.
This major transition coincides with the departure of Chief Technology Officer Mira Murati, who announced her exit on September 25, 2024. In her farewell statement, Murati expressed a desire for personal exploration after six years at the helm of OpenAI’s technology division.
CEO Sam Altman acknowledged her contributions, noting the profound impact she had on the company’s mission.
As OpenAI pivots to a for-profit structure, its nonprofit arm will maintain a minority stake, though some experts worry about how this will affect the organization’s commitment to safe and responsible AI development.
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