TLDR · BIG TECH & STARTUPS
SAM ALTMAN SAYS OPENAI COULD BECOME A FOR-PROFIT MEANING IT COULD EVENTUALLY IPO
Summary from the TLDR newsletter
Sam Altman is reportedly considering making OpenAI a for-profit company that the current non-profit board wouldn't control. One possible option being considered is making the company a for-profit benefit corporation. This would mean the company will have to consider its impact on society and the environment and balance the interests of its shareholders with the interests of employees, customers, the community, and the environment. Becoming a for-profit could open up the path to an initial public offering that would give the public a chance to own its shares.