Documents Show OpenAI's Long Journey From Nonprofit to $157B-Valued Company

The article discusses the transformation of OpenAI, a nonprofit artificial intelligence research company, into a for-profit company valued at $157 billion. It highlights key events and decisions that led to this transition. Initially, OpenAI was founded as a nonprofit in 2015 with the goal of developing AI for the benefit of humanity. However, over time, the company faced challenges in securing funding and attracting top talent. In 2019, OpenAI restructured, creating a for-profit company to attract investment while maintaining a nonprofit arm. This move allowed OpenAI to secure significant funding from Microsoft and other investors. The article examines the potential implications of this shift, including concerns about the concentration of power and influence in the AI industry. It also explores the tension between OpenAI’s stated mission of benefiting humanity and the profit-driven nature of its new structure.

Source: https://abcnews.go.com/Technology/wireStory/documents-show-openais-long-journey-nonprofit-157b-valued-114744499