In the update on Monday, Mr Altman said the non-profit would continue to control OpenAI, receiving a “big”, yet-to-be determined stake in OpenAI’s business arm, which would give it access to money to put towards its own goals.
He said the new plan would still allow the organisation to stop operating under its current complex governance structure, which had capped its profits.
That was seen as a sticking point for investors, including Microsoft, that hindered the firm’s ability to raise money.
“We are moving to a normal capital structure where everyone has stock,” he wrote in a letter to staff that was shared on the OpenAI website. “This is not a sale, but a change of structure to something simpler.”
