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TechCrunchJUN 3 2024
Sam Altman Says OpenAI Could Become For-Profit
The Spin
Narrative A
OpenAI was created as a nonprofit research organization committed to advancing digital intelligence for the good of humanity. Yet, the company has grown entirely unrecognizable. This report indicates a move to confirm what is already known — OpenAI is a for-profit organization.
Narrative B
Nonprofits sound more virtuous, but for-profit organizations can be more responsible due to their exposure to competitive pressures, as they must benefit customers and investors. That said, it's great news that OpenAI may be moving toward becoming a for-profit benefit corporation.