OpenAI Plans Historic Shift from Non-Profit to For-Profit Status

According to recent reports, OpenAI’s board has been deliberating on this restructuring, which would mark a substantial shift in the company’s governance and operational model. The company is engaged in preliminary discussions with the California attorney general’s office to navigate the regulatory requirements for this transition. This process involves careful scrutiny by regulators, particularly in how OpenAI values its highly valuable intellectual property, including its popular ChatGPT app. The talks are part of OpenAI’s efforts to transform its $157 billion non-profit structure into a for-profit business.