OpenAI CEO says firm may develop into for-profit company, The Data studies By Reuters – CoinNewsTrend

OpenAI CEO says firm may develop into for-profit company, The Data studies By Reuters

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(Reuters) -OpenAI CEO Sam Altman instructed some shareholders that the corporate is contemplating altering its governance construction to a for-profit enterprise that the agency’s nonprofit board would not management, The Data reported on Friday.

One situation Altman stated the board is contemplating is a for-profit profit company, which rivals comparable to Anthropic and xAI are utilizing, the report stated, citing an individual who heard the feedback.

© Reuters. Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 18, 2024. REUTERS/Denis Balibouse/File Photo

The restructuring discussions are fluid and Altman and his fellow administrators may finally determine to take a distinct method, The Data added.

In response to Reuters’ queries in regards to the report, OpenAI stated: “We stay targeted on constructing AI that advantages everybody. The nonprofit is core to our mission and can live on.”



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