Following the sudden departure of OpenAI's CTO Mira Murati, CEO Sam Altman is reportedly poised to receive shares in the corporate for the primary time as OpenAI moves away from its long-standing nonprofit structure.
Reuters, quote People aware of the matter report that OpenAI is planning to restructure right into a for-profit charitable company, much like competitors equivalent to Anthropic and Elon Musk's xAI. The nonprofit OpenAI Board, which currently oversees OpenAI's for-profit operations, will relinquish control but retain a minority stake in the brand new for-profit OpenAI entity.
The transition is meant to make OpenAI more attractive to outside investors who’re upset concerning the company's current cap on returns. But it’s more likely to raise concerns within the AI ​​security community about whether OpenAI can hold itself accountable in its pursuit of superintelligent AI.
According to Reuters, many details of the restructuring plan – and the timeline – are still being worked out.
