Saturday, April 27, 2024
Startups

Investors are souring on OpenAI’s nonprofit governance model

OpenAI was never quite like other generative AI startups — or other startups period, for that matter. Its governance structure is unique and what ultimately led to the abrupt ousting of CEO Sam Altman on Friday. Even after it transitioned from a nonprofit to a “capped-profit” company in 2019, OpenAI retained an unusual structure that […]

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