OpenAI is preparing to restructure its core business into a for-profit benefit corporation, a move that would separate it from its non-profit board and potentially attract more investors, according to sources familiar with the matter. The non-profit entity will still exist and hold a minority stake in the for-profit company. CEO Sam Altman is set to receive equity in the for-profit company for the first time, potentially valued at $150 billion post-restructuring.
The restructuring could also impact how the company addresses AI risks under a new governance structure. OpenAI remains committed to its mission of creating AI for the benefit of all and assures that the non-profit will continue to exist.
In related news, Sam Altman denied that there was any truth in the rumours that the departure of three senior OpenAI executives is related to the planned restructuring of the company.
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