Following the sudden departure of OpenAI CTO Mira Murati, CEO Sam Altman is reportedly poised to receive his first shares of the company as the company transitions away from the longtime non-profit.
Reuters reported, citing people familiar with the matter, that OpenAI plans to restructure into a for-profit public benefit corporation, similar to rivals such as Anthropic and Elon Musk's xAI. The nonprofit OpenAI board, which currently oversees OpenAI's commercial operations, will give up control of the new for-profit OpenAI organization but will retain a minority stake.
The move is aimed at making the company more attractive to outside investors unhappy with OpenAI's current revenue caps. But the transition is likely to raise concerns from the AI safety community about whether OpenAI can be responsible in its pursuit of superintelligent AI.
Many of the details and timeline of the restructuring plan are still being worked out, according to Reuters.