Sam Altman is considering making OpenAI a for-profit company that the current non-profit board wouldn’t control. One option being considered is making OpenAI a for-profit benefit corporation, also known as a B-Corp. As a B-Corp, OpenAI wouldn’t only have to consider profits but also its impact on society and the environment. If the company eventually became a for-profit, this could open up the way to an initial public offering where the company gives the public a chance to own its shares.
Sam Altman is considering making OpenAI a for-profit company that the current non-profit board wouldn’t control. One option being considered is making OpenAI a for-profit benefit corporation, also known as a B-Corp. As a B-Corp, OpenAI wouldn’t only have to consider profits but also its impact on society and the environment. If the company eventually became a for-profit, this could open up the way to an initial public offering where the company gives the public a chance to own its shares.