Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach

By Business Insider   |   1 year ago
Sam Altman says there was a 'simple' reason OpenAI ditched the nonprofit approach

OpenAI's $6.6 billion funding round requires it to become a for-profit entity within 2 years due to the need for more capital. The transition from nonprofit to for-profit aims to scale AI models and secure funding, despite initial mission focus on benefiting humanity.

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