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OpenAI Restructures to Remove Profit Cap, Pending Microsoft Approval
OpenAI Restructures to Remove Profit Cap, Pending Microsoft Approval
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OpenAI is restructuring its for-profit arm into a public benefit company, eliminating caps on investor returns while maintaining nonprofit control. The move aims to balance profit motives with public good obligations, as stated by CEO Sam Altman: "We want to be able to operate and get resources in such a way that we can make our services broadly available to all of humanity."
Microsoft, OpenAI’s largest investor, has yet to approve the restructuring. Negotiations continue over terms that would limit Altman’s authority under an independent board. The shift reflects growing tension between commercial ambitions and foundational principles in AI development.
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