CoinVoice has recently learned that, according to official news, the OpenAI board is evaluating the company structure with the goal of establishing a stronger non-profit organization supported by for-profit companies. OpenAI stated that this plan will create one of the most resource-rich non-profit organizations in history.
OpenAI believes that the company structure must evolve to advance its mission of ensuring that artificial general intelligence (AGI) benefits all of humanity. Specifically, OpenAI's three main goals include:
Choose a non-profit/profit structure that is most favorable for the long-term success of the mission; ensure the sustainability of non-profit organizations; enable each sector to play its due role.
OpenAI plans to convert its existing for-profit company into a Delaware Public Benefit Corporation (PBC), with a reasonable valuation determined by independent financial advisors, transferring most shares to non-profit organizations. This will significantly increase the resources of the non-profit organization. The PBC structure requires the company to balance the interests of shareholders, stakeholders, and the public in its decision-making. This will allow OpenAI to raise the necessary capital on conventional terms while the non-profit can operate independently, focusing on charitable causes such as healthcare, education, and science. [Original link]