spot_img
spot_imgspot_img
September 29, 2026 - 10:40 PM

OpenAI CEO Considers Governance Shift to For-Profit Model

—

OpenAI CEO Sam Altman has informed shareholders that the company is contemplating a shift in its governance structure from a nonprofit to a for-profit business model.
According to the report, Altman mentioned that one potential scenario involves transitioning to a for-profit benefit corporation.
This model is already being employed by competitors such as Anthropic and xAI.
 The discussions are still in early stages and fluid, with no final decision yet made.
Altman and his fellow directors are also exploring other possible approaches.
In response to queries from Reuters regarding the potential restructuring, OpenAI emphasized its ongoing commitment to its core mission. “We remain focused on building AI that benefits everyone. The nonprofit is core to our mission and will continue to exist,” the company stated.
Doris Israel Ijeoma
Doris Israel Ijeoma
Doris Israel Ijeoma is a graduate of the Nigerian Institute of Journalism, Lagos. She writes Tech, Political, Business and Entertainment Articles. dorisisrael5@gmail.com
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted

Share post:

Subscribe

Latest News

More like this
Related

Israeli Military Says Settlers Attacked Palestinian Village, Set Property Ablaze

The Israeli military on Tuesday said Israeli settlers rioted...

74-Year-Old Former Senator Finds Love, Marries 18-Year-Old

Former Kogi State Senator Emmanuel Dangana Ocheja, 74, has...

Ajaka Offers N5m Reward for Information on Kogi APC Chairman’s Murder

Former Social Democratic Party (SDP) governorship candidate in Kogi...

Edo Court Sentences Four Kidnappers to Death by Hanging

A Special Criminal Court sitting in Benin City, Edo...
Join us on
For more updates, columns, opinions, etc.
WhatsApp
0
Would love your thoughts, please comment.x
()
x