OpenAI board considers plan for a more conventional for-profit business

OpenAI, founded a decade ago as a research organization, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a nonprofit arm.

The board is evaluating a plan that would turn OpenAI’s business into a public benefit corporation — an entity free to pursue income but with the goal of bettering society — while retaining a nonprofit side, according to a blog post Friday. As part of the new structure, the nonprofit arm would hold shares in the moneymaking entity.