AI Law - International Review of Artificial Intelligence Law
G. Giappichelli Editore

16/06/2024 - OpenAI Considers Transition to Benefit Corporation

argument: Notizie/News - Financial Law

According to an article from Reuters, OpenAI's CEO Sam Altman has informed shareholders that the company is contemplating a shift in its governance structure to become a for-profit benefit corporation. This potential change would place the company in a similar position to rivals like Anthropic and xAI, with its nonprofit board losing control. While discussions are ongoing and outcomes uncertain, OpenAI maintains its mission to develop AI that benefits everyone. This strategic move reflects the evolving landscape of AI governance and corporate structure.