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OpenAI's nonprofit structure led to CEO Sam Altman's ouster

OpenAI's nonprofit structure led to CEO Sam Altman's ouster
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OpenAI's unusual nonprofit structure led to dramatic ouster of sought-after CEO, ET Telecom

While OpenAI later transitioned to a for-profit model, its controlling shareholder remains the nonprofit OpenAI Inc. and its board of directors. This unique structure made it possible for four OpenAI board members - the company s chief scientist, two outside tech entrepreneurs and an academic - to oust CEO Sam Altman on Friday. ....

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AP Business SummaryBrief at 9:13 a.m. EST

AP Business SummaryBrief at 9:13 a.m. EST
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OpenAI's unusual nonprofit structure led to dramatic ouster of sought-after CEO - The Daily Reporter

OpenAI's unusual nonprofit structure led to dramatic ouster of sought-after CEO - The Daily Reporter
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OpenAI's unusual nonprofit structure led to dramatic ouster of sought-after CEO – Metro US

SAN FRANCISCO (AP) Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. It was set up as a nonprofit by founders who hoped that it wouldn’t be beholden to commercial interests. But the arrangement got complicated. While OpenAI later transitioned to a for-profit model, its […] ....

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