OpenAI lays out plan to shift to for-profit corporate structure

AI company, which makes ChatGPT, says in blogpost we once again need to raise more capital than we'd imagined'

OpenAI has laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.

Rumors have swirled that OpenAI was in the process of shifting to a largely for-profit company, but this is the first time it has detailed the proposal publicly.