OpenAI lays out plan to shift to for-profit corporate structure

OpenAI has laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent. Rumors have swirled that OpenAI was in the process of shifting to a largely for-profit company, but this is the first time it has detailed the proposal publicly. Under the proposed structure, the public benefit corporation, which is a for-profit corporate entity, will run and control OpenAI's operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as healthcare, education and science. This new structure will give the for-profit arm of OpenAI much more control. In a blogpost, the company said it is "a stronger non-profit supported by the for-profit's success".