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OpenAI seeks to convene group to advise its nonprofit goals
As it prepares to transition from a nonprofit corporation to a for-profit, OpenAI says it's convening a group of experts to "help OpenAI’s philanthropy
“The Board recognizes the importance of engaging with the philanthropic community and those closest to the work to help inform how OpenAI’s philanthropy can best deploy its potentially historic resources.” But as its experiments became increasingly capital intensive, it created its current structure, taking on outside investments from VCs and companies, including Microsoft. But as alluded to in the blog post, the company’s intention is to transition its existing for-profit into a traditional corporation, with ordinary shares of stock.
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