The company behind the widely used artificial intelligence tool ChatGPT has set out restructuring plans to make it easier for it to raise capital and remove restrictions imposed by its non-profit parent.
OpenAI said its existing for-profit arm would become a Delaware-registered public benefit corporation — a company required to consider the interests of society as well as pursuing shareholder value.
The non-profit parent would have “a significant interest” in the public benefit corporation, OpenAI said in a blogpost, adding that it would become one of the “best resourced non-profits in history”.
OpenAI, run by Sam Altman, said the evolved arm would be one of the “best resourced non-profits in history”
JASON REDMOND/AFP
• ‘Scheming’ ChatGPT tried to stop itself from being shut down
OpenAI has been looking to make changes to its rules to make it easier for its investors to profit when they inject
