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OpenAI Abandons Plan to Become For-Profit Company

  • #Artificial Intelligence
  • #United States of America
OpenAI Abandons Plan to Become For-Profit Company
story
MAY 6
Above: Sam Altman, chief executive officer of OpenAI, speaks at Station F during the AI Action Summit in Paris Feb. 11, 2025. Image copyright: Nathan Laine/Contributor/Bloomberg via Getty Images
story last updated MAY 7

The Spin

Narrative A

This restructuring preserves OpenAI's founding mission while allowing necessary growth. The nonprofit control ensures AI development remains aligned with public benefit rather than solely with profit motives. Maintaining this governance structure provides critical safeguards as the company develops increasingly powerful AI systems that could have profound societal impacts.

Openai

Narrative B

The compromise structure unnecessarily complicates OpenAI's ability to compete in the AI race. Keeping nonprofit control will significantly reduce the company's ability to raise capital, as investors want clear paths to returns on their investments. This half-measure fails to provide the simplified structure needed for the massive funding required to develop artificial general intelligence.

MINT

Metaculus Prediction


Public Figures

Sam Altman

Elon Musk


The Controversies


LOWHIGH
Status:Open
Does AI Pose an Existential Threat to Humanity?
Controversy
MAY 7MAY 7

UNLIKELYLIKELY
Status:Open
Will AI Replace All Jobs?
Controversy
MAY 7MAY 7

NOT SOONSOON
Status:Open
Will AI Surpass Human Intelligence, and When?
Controversy
MAY 7MAY 7

UNLIKELYLIKELY
Status:Open
Will DeepSeek Replace ChatGPT?
Controversy
MAY 7MAY 7

Articles on this story

OpenAI Backs Down on Restructuring Amid Pushback
WiredMAY 13
Sam Altman’s OpenAI ditches plan to become for-profit company after fierce pushback
New York PostMAY 13
Openai Nonprofit Will Retain Control Of Company After Pushbac
BloombergMAY 13
OpenAI to remain under non-profit control in change of restructuring plans
CNNMAY 13
After backlash, OpenAI says company will remain under non-profit control
BreitbartMAY 13
Openai To Become Public Benefit Corporation 9E7896E
Wall Street JournalMAY 13
Chatgpt Ai Cheating Students 97075D3
Wall Street JournalMAY 13