Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Kali Hays

OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money

(Credit: Getty)

OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors.

In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025. A central part of this shift will involve its convoluted structure—wherein a nonprofit currently controls a for-profit arm, which itself controls a holding company that controls another for-profit entity.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.