OpenAI, at the top of the artificial intelligence world, is preparing to undergo a significant change in 2024. OpenAI CEO Sam Altman announced in a statement to the company’s employees that OpenAI will transform from its current non-profit structure to a more traditional for-profit structure.

OpenAI is transitioning from a non-profit to a pure-profit company in 2024

What’s changing?

OpenAI was founded in 2015 as a non-profit organization. It has continued its work by maintaining this structure to this day. During this time, the company has made great advances in artificial intelligence technologies around the world.

It is said that this structural change was made in line with OpenAI’s more sustainable and long-term growth goals. According to Sam Altman, OpenAI had become unable to sustain such a large operation with a non-profit structure.

Although there will be structural changes, OpenAI’s mission will remain the same . A spokesperson for the company noted that AI will still be central to their mission to “develop AI for the benefit of all humanity,” and that a nonprofit division will continue to operate as part of that mission.

Why is it changing?

OpenAI has raised only $1.3 billion in donations to date , which is said to be insufficient to cover the high costs required for AI research. In particular, the computing power and skilled workers used in AI research have exceeded the level that can be sustained by donations alone.

So in summary, OpenAI aims to increase its resources to create a greater impact without losing its non-profit spirit. So, what do you think about this? How do you think this transformation of OpenAI will affect the world of artificial intelligence? You can write your opinions in the comments section below.