Billions of dollars hinges on OpenAI transitioning to a for-profit company in under two years. The process won't be easy.

Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.

I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman wrote. But it follows a trend of departures that’s been bu

When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to be that way?

OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.