OpenAI says non-profit will remain in control after backlash

Quick Summary:

The move follows a bitter power struggle over the business.

Mr Altman had put forward a similar plan in December - but without clarifying the control of the non-profit.

Unlike traditional for-profit companies, which are bound to act in service to shareholders, a public benefit corporation is also responsible for a public mission.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Business

Markets: United KingdomAustraliaNew ZealandTaiwan

Topics: Plan Benefit Altman Control Mission Openai Non-profit Public Including Update

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 23:08:41 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 634 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28497247

View Article Analysis

About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 7 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

Frequently Asked Questions