OpenAI is potentially undergoing a major corporate restructure, considering a shift to a Public Benefit Corporation (PBC) to balance its mission of developing ethical AI with the need for substantial funding. This follows the departure of key executives, including CTO Mira Murati and VP of Research Barret Zoph, signaling significant internal changes.
OpenAI announced that with Open AI LP's "capped for-profit" company structure - a Limited Partnership business structure where a capped for-profit entity will be controlled by the Nonprofit Corporation - OpenAI will be able to stay true to its mission of ensuring the creation and adoption of safe and beneficial Artificial General Intelligence (AGI) - ahead of generating returns for investors.
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