ChatGPT maker OpenAI said it will no longer seek to restructure into a for-profit company separate from its nonprofit board, ...

OpenAI CEO Sam Altman has been working on wriggling out from under the control of the company’s nonprofit board ever since ...

OpenAI said Monday its nonprofit wing will keep control over for-profit operations after initial plans to convert the company ...

OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT and other ...

ChatGPT creator OpenAI (OPAI.PVT) announced on Monday that it would remain under the control of a nonprofit, a move that ...

The company's announcement comes after other nonprofit leaders have raised concerns about OpenAI's decision to move its ...

OpenAI has announced that it will be altering its corporate structure to create a public benefit corporation that will be ...

CEO Sam Altman published a letter announcing the plan on Monday.

OpenAI Board Chairman Bret Taylor said during Monday’s press conference that the new structure would be simpler and allow ...

The company will become a public benefit corporation and the nonprofit that has controlled it will be its largest shareholder ...

OpenAI has been working for months to no longer be controlled by a nonprofit. It’s now giving up.