The report indicates that OpenAI, valued at $157 billion, is in discussions with regulators as it contemplates transforming into a for-profit entity. Despite this shift, OpenAI plans to retain its nonprofit arm to support its mission of benevolent artificial intelligence development.
This strategic consideration is aimed at balancing profit generation while continuing to promote AI technologies that benefit society as a whole.
The ongoing discussions with regulatory bodies signify OpenAI's commitment to comply with necessary legal frameworks in order to achieve its new structural goals.
Source: cointelegraph.com ↗