Operai said Monday that he was restructuring as a public benefit corporation, which allows the non -profit that controls Openi to preserve his control over the company.
The non -profit organization will be Openai’s largest shareholder.
Sam Altman, Executive Director of OpenAI, created the artificial intelligence organization with several other figures of Silicon Valley, including Elon Musk, as a non -profit organization at the end of 2015. In 2018, after Mr. Musk left in a power struggle, Altman attached OpenAi to a profit company so that he could raise the billions of dollars needed to build technologies Ia.
But the lack of profit withdrew his control in what became an unorthodox structure that some as albatros of the company’s growth. Last year, Mr. Altman and his company begged a plan to change the control of the lack of profit to OpenAI investors, to be more attractive to investors.
The company, however, backed away from that plan and the non -profit organization will now keep control. The decision is a victory for Openai’s critics, including Mr. Musk, who said the company was too focused on profits and had abandoned its early plan to build AI systems with security in mind.
A public benefits corporation is often described as an organization designed to create public and social good and allows strangers to invest in the same way they invest in other companies.
“I am very happy to have made the decision that the lack of profit maintain control,” Altman said during a press conference. He added that the new change “prepares us to have a more understandable structure to do things that a company like ours has to do.”
Operai said that he is still negotiating the participation of the non -profit organization in the new corporation and that the non -profit organization would choose the members of the Board of the New Corporation.
The Japanese conglomerate Softbank recently led a financing round of $ 40 billion in Operai that values the company at $ 300 billion. If this change is not complete for the end of the year, SoftBank will have the option to reduce your total contribution to $ 20 billion, said a person familiar with the last investment agreement.
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