OpenAI plans transition to for-profit structure to enhance sustainability

OpenAI announced plans to change its company structure. Its current for-profit arm will become a Delaware Public Benefit Corporation, allowing it to issue ordinary shares while balancing profit and public interest. The new structure will separate OpenAI's business operations from its nonprofit board. The nonprofit will hold shares in the new corporation, which aims to support OpenAI's mission of ensuring artificial general intelligence benefits all of humanity. This shift marks a significant change as OpenAI seeks to transition from a lab and startup to a more sustainable company by 2025.