Under plans that have attracted criticism, shift may give Altman a stake in the firm.

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit ...

OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders. The artificial intelligence company’s board is considering a decision that would change…

OpenAI's non-profit structure will still retain a minority stake once the new changes come in.

:OpenAI Chair Bret Taylor said on Thursday the company's board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made.In a statement, Taylor said no specific figures have been discussed for any equity compensation for Altman.Reuters reported on Wednesday that OpenA

Sam Altman, CEO of OpenAI, addressed recent rumours linking the departure of three senior executives to an impending company restructuring, denying any direct connection between the two events. Speaking at the Italian Tech Week conference in Turin, Altman clarified that the exits were unrelated to the organisational changes the board had been contemplating for months, Reuters reported.