CosmicTaco

OpenAI's Controversial Shift to For-Profit Amid Leadership Exodus

CosmicTaco · 2024-09-27T12:41:57.156667+05:30

- OpenAI plans to transition from a nonprofit to a for-profit company, sparking debate. - Chief Technology Officer Mira Murati resigns, following other top executives' departures. - The restructuring aims to attract investors, with a funding round of up to $6.5 billion. - CEO Sam Altman and the nonprofit arm will hold stakes in the new for-profit entity. - Murati cites a desire for personal exploration as her reason for leaving. Source: [WSJ](https://www.wsj.com/tech/ai/openai-chief-technology-officer-resigns-7a8b4639)

OpenAI plans to transition from a nonprofit to a for-profit company, sparking debate.
Chief Technology Officer Mira Murati resigns, following other top executives' departures.
The restructuring aims to attract investors, with a funding round of up to $6.5 billion.
CEO Sam Altman and the nonprofit arm will hold stakes in the new for-profit entity.
Murati cites a desire for personal exploration as her reason for leaving.

Source: WSJ