OpenAI to remain under non-profit control in change of restructuring plans

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OpenAI will remain under the control of a non-profit, the startup at the heart of the generative artificial intelligence boom said on Monday, months after it outlined plans to revamp its structure to create a public benefit corporation that would make it easier to raise capital.

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FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024.

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Category: EconomyBusiness

Markets: Singapore

Topics: Continue Public Corporation Openai Startup For-profit Structure Company Benefit Control Non-profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 02:02:42 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 246 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28413245

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Main Topics: EconomyBusiness

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