Why OpenAI is becoming a for-profit business

OpenAI's shift to a for-profit model marks a significant departure from its original mission as a nonprofit dedicated to advancing AI for humanity's benefit. This restructuring, aimed at attracting investment amid a recent $6.6 billion funding round, has prompted concern over its commitment to public interest. Institute Associate Professor Julia Stoyanovich, Director of the NYU Center for Responsible AI, emphasized, “This underscores that OpenAI never really meant to be thinking about the well-being of everybody as a central priority.” She called for increased regulation to mitigate potential societal risks from its technology.