OpenAI plans shift to for-profit model to attract investment and address executive departures

OpenAI plans to restructure as a for-profit business, moving away from its original non-profit model. This change follows the resignation of several senior executives and aims to attract significant investment, as the company faces potential losses of up to $5 billion this year. The new structure would allow OpenAI to operate as a public benefit corporation, removing profit caps that previously limited returns to investors. This shift is intended to incentivize potential backers, including major tech firms like Apple and Nvidia, as OpenAI seeks to raise $6.5 billion. Concerns about safety in AI development persist, especially regarding the pursuit of artificial general intelligence. Critics worry that rapid advancements may overlook important safety measures, while OpenAI maintains its commitment to responsible AI development through an independent safety committee.