OpenAI confirmed that it would continue to be a nonprofit organisation, stepping back from its plans to go for-profit. The ChatGPT maker said that the existing for-profit would become a "Public Benefit Corporation". The Sam Altman-run company further said, "The nonprofit will continue to control the PBC, and will become a big shareholder in the PBC, in an amount supported by independent financial advisors, giving the nonprofit resources to support programs so AI can benefit many different communities, consistent with the mission.". OpenAI faced legal trouble and criticism from people like Elon Musk who said that the AI company was built to work as open-source, thus it was named OpenAI. WAVES Summit 2025: Reliance Jio Unveils ‘AI Photo Play’ on Jio AI Cloud To Let Users Create Realistic AI Avatars and Set Suitable Themes.

OpenAI Takes Step Back From Going For-Profit Organisation

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