Sam Altman backtracks on for- profit ambitions, OpenAI to remain non-profit

OpenAI has shelved its plan to convert into a fully conventional for-profit entity, instead opting to maintain control under its original non-profit board, the Financial Times reported on Tuesday.

This decision comes after the US AI-research and deployment company faced strong criticism from its co-founder Elon Musk, former employees, academics, and civic groups, who were concerned that OpenAI was moving away from its mission to create AI for the public good.