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OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity

Under plans that have attracted criticism, shift may give Altman a stake in the firm.

OpenAI's journey from a nonprofit research organization founded in 2015 to its current status as an AI market leader has been marked by rapid growth and increasing commercial success. However, the nonprofit board retained full control over the for-profit arm, a structure designed to ensure the company's focus on developing safe and beneficial artificial general intelligence (AGI). In November 2023, after internal dissent over the increasingly commercial direction of OpenAI and how it handled product releases, the company experienced a brief but intense boardroom drama that saw Altman ousted and then quickly reinstated as CEO after overwhelming support from employees and investors.

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