OpenAI to restructure , transfer control from non-profit board and grant equity to Sam Altman

OpenAI, the creator of ChatGPT, is reportedly planning a major restructuring that would turn its core business into a for-profit benefit corporation, no longer controlled by its non-profit board, according to sources familiar with the matter. This move is expected to make the company more appealing to investors, though the non-profit arm will continue to exist and retain a minority stake in the for-profit entity.