OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure

Artificial intelligence (AI) startup OpenAI said Friday it needs to raise much money than expected to meet its goals, and laid retired plans for transitioning toward a for-profit structure.

OpenAI was founded arsenic a non-profit with nan stated ngo of "building safe and beneficial artificial wide intelligence for nan use of humanity." However, it has since shifted to a hybrid "capped profit" building pinch a for-profit subsidiary controlled by its non-profit arm, successful bid to raise nan costs to support its work.

“The hundreds of billions of dollars that awesome companies are now investing into AI improvement show what it will really return for OpenAI to proceed pursuing nan mission,” OpenAI said successful a blog station Friday, adding that intends it needs “to raise much superior than we’d imagined.”

The ChatGPT shaper said it plans to restructure adjacent twelvemonth arsenic a nationalist use corp (PBC) pinch mean shares of stock. The PBC will tally and power OpenAI's operations, while its non-profit limb will prosecute a activity squad and unit “to prosecute charitable initiatives.”

The caller building will amended "equip each limb to do its part," it said.