OpenAI abandons plan to become for-profit company

OpenAI CEO Sam Altman announced the company will remain a nonprofit, abandoning previous plans to convert into a for-profit entity.
This decision follows pressure from civic leaders, attorneys general, and internal discussions, maintaining nonprofit board control despite the creation of a profit-generating arm.
Initial plans to become a for-profit public benefit corporation drew criticism from AI safety advocates and co-founder Elon Musk.
Major investors like SoftBank have linked large investments to structural changes, highlighting the need for substantial funding to support AI development.