A month earlier, co-founder John Schulman left for rival Anthropic. And let’s not forget May, when OpenAI lost two more high-profile figures: co-founder Ilya Sutskever and Jan Leike, a former safety leader who also joined Anthropic. So, what’s going on ...

OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.

OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.

The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),

OpenAI is making a big change to fund its future. By 2025, it plans to become a Public Benefit Corporation, combining for-profit operations with a nonprofit arm focused on education, healthcare, and science.