Sam Altman’s OpenAI pursues transition to for-profit structure to avoid ‘hostile takeovers’: report
OpenAI is said to be “pursuing” plans to abandon its nonprofit roots and restructure as a for-profit entity — a move that could insulate Sam Altman and his allies from “hostile takeovers” or opposition to their leadership. The firm’s board is planning to restructure itself as a public benefit corporation — an unusual structure in … Read more