OpenAI was founded as a nonprofit with the goal of developing artificial general intelligence for the benefit of humanity. Initially, the company insisted on being free from financial obligations to maintain focus on positive human impact. Over the years, OpenAI has undergone significant changes, actively seeking financial investments, exemplified by a potential secondary stock sale valued at $500 billion. The establishment of a capped-profit subsidiary and a complete structural shift to a for-profit benefit corporation illustrates a departure from its original mission, highlighting the enticing nature of financial returns for investors.
OpenAI was founded as a nonprofit research institute, dedicated to realizing an 'artificial general intelligence' that benefits all of humanity.
Just shy of a decade later, the ChatGPT maker looks dramatically different, opening itself up to financial incentives it once attempted to shield itself from.
OpenAI is deep into talks about a potential secondary stock sale that would value it at roughly half a trillion dollars, an over fivefold increase compared to just two years ago.
In 2019, the company introduced a 'capped-profit' subsidiary to attract funds, and last year, it moved to restructure into a for-profit benefit corporation.
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