“OpenAI CEO Says Company Could Become Benefit Corporation Akin to Rivals Anthropic, XAI”, 2014-06-14 ():
OpenAI CEO Sam Altman recently told some shareholders that the artificial intelligence developer is considering changing its governance structure to a for-profit business that OpenAI’s nonprofit board doesn’t control, according to a person who heard the comments. One scenario Altman said the board [ie. Altman] is considering is a for-profit public benefit corporation, which rivals such as Anthropic and xAI are using, this person said. [So Anthropic & Musk ironically provide an excuse for how to eliminate the OA Board’s residual de jure control!]
Such a change could open the door to an eventual initial public offering of OpenAI, which currently sports a private valuation of $86 billion, and may give Altman an opportunity to take a stake in the fast-growing company, a move some investors have been pushing.