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The Conversation
The Conversation
Alnoor Ebrahim, Thomas Schmidheiny Professor of International Business, Tufts University

As OpenAI attracts billions in new investment, its goal of balancing profit with purpose is getting more challenging to pull off

OpenAI Sam Altman Artificial Intelligence B Corps
What's in store for OpenAI is the subject of many anonymously sourced reports. AP Photo/Michael Dwyer

OpenAI, the artificial intelligence company that developed the popular ChatGPT chatbot and the text-to-art program Dall-E, is at a crossroads. On Oct. 2, 2024, it announced that it had obtained US$6.6 billion in new funding from investors and that the business was worth an estimated $157 billion – making it only the second startup ever to be valued at over $100 billion.

Unlike other big tech companies, OpenAI is a nonprofit with a for-profit subsidiary that is overseen by a nonprofit board of directors. Since its founding in 2015, OpenAI’s official mission has been “to build artificial general intelligence (AGI) that is safe and benefits all of humanity.”

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