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OpenAI outlines new for-profit structure to stay ahead in costly AI race

OpenAI outlines new for-profit structure to stay ahead in costly AI race

FILE PHOTO: A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation that would make it easier to raise capital and remove the restrictions imposed on the startup by its current nonprofit parent.