OPENAI IS REPORTEDLY MOVING AWAY FROM ITS COMPLICATED NON-PROFIT STRUCTURE NEXT YEAR

Summary from the TLDR newsletter

Sam Altman told OpenAI staff members during their weekly staff meeting that the company will be transitioning to a more traditional for-profit corporate structure next year. OpenAI will remain focused on building AI that benefits everyone. Altman did not specify exactly what the company's corporate structure will look like, but a spokesperson says that non-profit is core to OpenAI's mission and will continue to exist. The company started as a non-profit organization that relied on money from donors, but donations alone were not enough for the cost of computation power and talent required to push its core research forward.