OpenAI announced plans to transition into a public benefit corporation in 2025, removing nonprofit restrictions to allow commercial operations akin to a high-growth startup. The shift aims to attract conventional equity investments and raise substantial capital. The company is valued at $157 billion. It expects $5 billion in losses on over $3 billion in revenue this year. OpenAI has faced criticism over safety concerns and leadership departures. Founder Sam Altman insists the restructuring will align with long-term goals despite legal opposition from Elon Musk.
