💨 Abstract

OpenAI, the company behind ChatGPT, is planning to restructure its core business into a for-profit benefit corporation, moving away from control by its non-profit board. The move aims to attract investors and could impact AI risk management. CEO Sam Altman will receive equity for the first time, potentially worth $150 billion. The restructuring comes amid leadership changes and concerns about the company's commitment to AI safety.

Courtesy: theprint.in

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