OpenAI planning to become for-profit company, say reports

OpenAI is reportedly pushing ahead with plans to become a for-profit company, as more senior figures left the ChatGPT developer after the surprise exit of its chief technology officer, Mira Murati. The San Francisco-based startup is preparing to change its corporate structure as it seeks 6.5bn ( 4.9bn) of new funding, according to reports. Under the changes, OpenAI will become a for-profit benefit corporation – an entity that makes profits but is committed to the social and public good – that will no longer be controlled by its nonprofit board, Reuters reported. OpenAI declined to comment on the details of the reports but a spokesperson said the nonprofit entity would continue to exist. "We remain focused on building AI that benefits everyone, and we're working with our board to ensure that we're best positioned to succeed in our mission. The nonprofit is core to our mission and will continue to exist," said the spokesperson.