OpenAI’s Hybrid Nonprofit and For-Profit Structure And who Owns it
OpenAI, Inc., best known for developing ChatGPT, has a board of directors who oversee its nonprofit entity. They represent shareholders’ interests when making pivotal decisions regarding an organization’s policy, strategy, and finances. Nonprofit organizations such as OpenAI, Inc. operate for charitable, educational, or similar purposes, with any profits reinvested to advance the organization’s mission. OpenAI,…