OpenAI plans to become a for-profit business heres what that means for the AI company [Video]

OpenAI doesn’t want to be so open anymore.

According to a new report, OpenAI — the organization that burst onto the scene with the release of its popular AI chatbot, ChatGPT, in 2022 — is looking to restructure into a for-profit company.

Much to the chagrin of its biggest critics, like former investor Elon Musk, OpenAI has been slowly moving away from the non-profit ethos it was initially founded on. OpenAI was originally founded in 2015 as a non-profit organization. In 2019, a for-profit subsidiary of the non-profit was set up, and the organization has been headed in that direction ever since. 

OpenAI is now looking to make its evolution into a for-profit company complete by shedding the non-profit board that controls it.

OpenAI looks to shed non-profit’s power

In its current state, a non-profit organization sits atop OpenAI’s business operations and controls the for-profit business’ operations. This was set up in an attempt to …