OpenAi said on Monday that it was restructuring as a general interest company, so that the non -profit organization that checks OpenAI can retain its grip on the company.
The non -profit will be the largest shareholder in OpenAi.
Sam Altman, OpenAi Chief Executive, founded the artificial intelligence organization with various other Silicon Valley figures, including Elon Musk, as a non-profit at the end of 2015. In 2018, after Mr. Musk had left in a power struggle, Mr. Altman Kon Bag confirmed to a for-profit company so that the billion technology so the billion-profit confirmed the billion technology, so he the billion-profit.
But the non -profit retained its grip in what became an unorthodox structure that some saw as an albatros for the growth of the company. Last year Mr Altman and his company started working on A plan to move the check from the non -profit to the investors of OpenAiSo that it would be more attractive for investors.
However, the company has returned from that plan and the non -profit organization will now retain control. The decision is a victory for the critics of OpenAi, including Mr. Musk, who said that the company was too focused on winning and had left his early plan to build AI systems with safety for the head.
A public benefit company is often described as an organization that is designed to create public and socially good and enables outsiders to invest in almost the same way as they invest in other companies.
“I am very happy that we have made the decision for the non -profit to keep control,” said Mr. Altman during a press conference. He added that the new change “our intention to have a more understandable structure to do the things that a company like ours should do.”
OpenAi said it is still negotiating the importance of the non -profit organization in the new company and that the non -profit organization would choose the board members of the new company.
The Japanese conglomerate Softbank recently led a $ 40 billion financing round in OpenAI that appreciates the company at $ 300 billion. If this shift is not completed by the end of the year, Softbank has the option to reduce the total contribution to $ 20 billion, said a person who is familiar with the latest investment DEAl.
This is a developing story. Come back for updates.
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