OpenAI to stay nonprofit, scrap proposed overhaul

OpenAI will retain its nonprofit status, transitioning its for-profit branch into a Public Benefit Corporation while remaining under nonprofit control. This means prioritizing social missions alongside shareholder interests.

CEO Sam Altman indicated that this shift will not impede fundraising for AI development, which requires funding in the hundreds of billions to potentially trillions. OpenAI anticipates a revenue increase, reaching $12.7 billion in 2025.

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