OpenAI is ditching a controversial plan to become a for-profit company, CEO Sam Altman revealed on Monday – a surprise move that came after the artificial-intelligence juggernaut faced fierce ...

OpenAI CEO Sam Altman told some shareholders that the company is considering changing its governance structure to a for-profit business that the firm’s nonprofit board doesn’t control, The ...

OpenAI CEO Sam Altman, who prompted the company's exploration of moving to a for-profit structure to make it easier for the company to raise the large amounts of money for investments he thinks ...

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization. OpenAI was ...

Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo ...

If the fundraising round succeeds, 39-year-old OpenAI CEO Sam Altman could get an equity stake — a 7% stake would increase his $2 billion fortune by $10 billion, according to Bloomberg estimates ...

OpenAI is ditching a controversial plan to become a for-profit company, CEO Sam Altman revealed on Monday – a surprise move that came after the artificial-intelligence juggernaut faced fierce ...

One scenario Altman said the board is considering is a for-profit benefit corporation, which rivals such as Anthropic and xAI are using, the report said, citing a person who heard the comments.