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OpenAI's unusual non-profit structure led to dramatic ouster of sought-after CEO

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. It was set up as a non-profit by founders who… ....

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OpenAI's unusual nonprofit structure led to dramatic ouster of sought-after CEO

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. 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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