OpenAI needs open-heart surgery. The ChatGPT developer’s new board of directors and its briefly fired but now-restored CEO, Sam Altman, said last week that they’re trying to fix the unusual corporate structure that allowed four board members to trigger a near-death experience for the company.
The startup was founded in 2015 as a nonprofit, but it develops AI inside a capped-profit subsidiary answerable to the nonprofit’s board, which is charged with ensuring that the technology is “broadly beneficial” to humanity. To stabilize this unusual structure, OpenAI could take pointers from longer-lived companies with a similar arrangement—including introducing a second board to help balance its founding mission with its for-profit pursuit
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