OpenAI considering shift to for-profit organization, CEO tells shareholders #AIrevolution

Sam Altman, the CEO of OpenAI, is considering transitioning the artificial intelligence firm to a for-profit strategy, potentially leading to the loss of control by the current non-profit board. The move is driven by the need for a more sustainable revenue stream due to insufficient funds to maintain the non-profit vision. Altman has restructured the board and added new members, including retired U.S. Army General Paul Nakasone, which has sparked criticism from Edward Snowden. Altman is also exploring the option of OpenAI becoming a B-Corp focused on generating profits while considering societal impact. The decision is expected to be made next week.

Source link

Source link: https://wccftech.com/openai-may-shift-towards-a-for-profit-business-model/amp/