ChatGPT-maker OpenAI is reportedly transitioning from a non-profit to a for-profit benefit corporation. The AI startup’s CEO Sam Altman could receive equity in the newly structured company. What Happened: OpenAI is revamping its business structure to make it more attractive to investors. The non-profit board will no longer govern the company, although the non-profit entity will retain a minority stake in the for-profit company, reported Reuters, citing people familiar with the matter. The restructuring could potentially affect the company’s management of AI risks under the new governance model…
