OpenAI, the entity behind ChatGPT, is looking to shed its non-profit tag and become a more traditional for-profit company. CEO and co-founder Sam Altman told OpenAI employees that the transformation of its complex corporate structure will happen at some point in 2025, according to a report by Fortune.
Earlier, Altman had acknowledged that OpenAI’s corporate structure was “unusual” but said that it was intentional “because AI is an unusual technology.”
In 2015, a group of researchers, scientists, and entrepreneurs such as Sam Altman, Greg Brockman, Peter Thiel, and Elon Musk founded OpenAI as a non-profit organisation focused on researching and advancing artificial intelligence as an emerging technology. This non-profit arm is known as OpenAI Inc, which controls a holding company and an LLC called OpenAI GP.