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International Business Times

Business

OpenAI Abandons Plan To Become For-profit Company

OpenAI Sam Altman ChatGPT SoftBank

'OpenAI is not a normal company and never will be,' OpenAI CEO Sam Altman wrote in an email to staff posted on the company's website (Credit: AFP)

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.

The structural issue had become a significant point of contention for the artificial intelligence (AI) pioneer, with major investors pushing for the change to better secure their returns.

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