OpenAI
describes
its
business
structure
as
“a
partnership
between
our
original
Nonprofit
and
a
new
capped
profit
arm,”
which
has
been
a
contributing
factor
in
last
year’s
short-lived
board
coup
against
CEO
Sam
Altman
and
a
recent
lawsuit
by
cofounder
Elon
Musk.
But
that’s
reportedly
set
to
change
along
with
a
massive
new
funding
round
that’s
still
being
negotiated
but
could
value
the
ChatGPT
maker
at
more
than
$150
billion.
Now,
Reuters
cites
unnamed
sources
saying
that
part
of
the
new
plan
includes
providing
an
unspecified
amount
of
equity
to
Altman
for
the
first
time.
It
says
that
in
the
new
structure,
OpenAI
would
proceed
as
a
for-profit
benefit
corporation,
like
rival
AI
company
Anthropic.
That
business
would
“no
longer
be
controlled
by
its
non-profit
board”
and
become
more
attractive
to
investors,
with
the
nonprofit
maintaining
a
minority
ownership
stake.
However,
for
those
concerned
with
OpenAI’s
approach
to
safety
vs.
potential
profits,
it
may
be
unsettling
as
the
company
pursues
AI
models
capable
of
reasoning.
When
Altman
returned
as
CEO
last
November,
his
letter
mentioned
“improving
our
governance
structure,”
and
that
seems
to
be
taking
shape
while
other
executives
are
leaving.
OpenAI
CTO
Mira
Murati
announced
her
exit
today,
Reuters
notes
president
Greg
Brockman
has
been
on
leave,
and
former
chief
scientist
Ilya
Sutskever
separated
from
the
company
earlier
this
year.
(Originally posted by Richard Lawler)
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