OpenAI continues to be overseen and controlled by nonprofit: Sam Altman
New Delhi: Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its ‘for profit LLC’ will transition to a public benefit corporation (PBC), giving the nonprofit better resources to support several benefits, the company has announced. OpenAI was founded as a nonprofit, and is today overseen and controlled by that
New Delhi: Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its ‘for profit LLC’ will transition to a public benefit corporation (PBC), giving the nonprofit better resources to support several benefits, the company has announced.
OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit.
“Going forward, it will continue to be overseen and controlled by that nonprofit. Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)–a purpose-driven company structure that has to consider the interests of both shareholders and the mission,” the ChatGPT maker said in a statement.
The nonprofit will control and also be a large shareholder of the PBC.
“Our mission remains the same, and the PBC will have the same mission. We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California,” said OpenAI Board chair Bret Taylor.
Altman said as the PBC grows, the nonprofit’s resources will grow, so it can do even more.
“We’re excited to soon get recommendations from our nonprofit commission on how we can help make sure AI benefits everyone—not just a few. Their ideas will focus on how our nonprofit work can support a more democratic AI future, and have real impact in areas like health, education, public services, and scientific discovery,” he wrote in a letter to employees.
“We want our nonprofit to be the largest and most effective nonprofit in history that will be focused on using AI to enable the highest-leverage outcomes for people,” he added.
He said this sets them up to continue to make rapid, safe progress and to put great AI in the hands of everyone.
“Creating AGI is our brick in the path of human progress; we can’t wait to see what bricks you will add next,” said Altman.
—IANS
Odisha Police arrest two from Bengal in Rs 6 crore cyber fraud case
Next ArticleSudarsan Pattnaik writes to PM Modi seeking his intervention in Digha temple row
Related Articles
Odisha Govt Transfers 4 IPS Officers
Bhubaneswar: The Odisha government on Tuesday transferred four IPS officers across the state. According to an official notification issued by the Home Department, Dr. Saravana Vivek M., currently SP of Brahmapur, has been posted as Deputy Commissioner of Police (DCP), Bhubaneswar. He will take charge against Jagmohan Meena, who is to be relieved. Abhinav Sonkar, [...]
Odisha Final Electoral Roll Published With 3.16 Crore Electors
Bhubaneswar: Odisha’s electoral roll revision process has concluded with the publication of the Final Electoral Roll 2026 on Monday, recording 3,16,32,754 electors across the state, the Chief Electoral Officer’s (CEO) office said. The revision was carried out with July 1, 2026, as the qualifying date. The draft electoral roll, published on July 5, had listed [...]
Ganjam Steps Up Preparedness as Deep Depression Threatens Heavy Rainfall; Red Warning for Sept 23-24
Ganjam Steps Up Preparedness as Deep Depression Threatens Heavy Rainfall; Red Warning for Sept 23-24
Chatrapur: The Ganjam district administration has intensified its preparedness measures as a deep depression over the Bay of Bengal is likely to move close to the district, bringing the possibility of heavy rainfall and strong winds. An Orange Warning is currently in force, while a Red Warning has been issued for September 23 and 24. [...]