OpenAI to Adjust Non-Profit Structure Next Year

TapTechNews September 15th news, Fortune released a blog post on September 13th, reporting that Sam Altman announced to OpenAI employees at the recent weekly meeting that it will adjust the rather complicated non-profit corporate structure next year.

It is reported that OpenAI will adjust to a more traditional for-profit company in addition to retaining a non-profit department.

Altman said that OpenAI will get rid of the control of non-profit entities and transform into a more traditional for-profit organization, but did not disclose more details at the weekly meeting.

TapTechNews quoted sources as reporting that a spokesperson for OpenAI revealed that the company is still committed to building AI that benefits everyone, and emphasized that non-profit is the core of its mission and will continue to exist.

OpenAI was established as a non-profit organization in 2015 and mainly relies on funds from donors. In its page explaining the structure, OpenAI stated that it has only raised a total of 130.5 million US dollars in donations over the years and pointed out that this clearly shows that only donations cannot match the cost of computing power and talent required to drive its core research.