Business
business
Jon Keegan

Non-profit OpenAI now wants to give profit a go

Hours after OpenAI co-founder Mira Murati announced her surprise resignation, Reuters reports that OpenAI is moving forward with its plan to restructure itself from a non-profit to a very-much-for-profit company. The plan would wrest control of the company from the non-profit’s board, with which CEO Sam Altman has had a rocky relationship.

Altman stands to land a chunk of equity in the company—which makes ChatGPT— in the restructuring, according to the report.

OpenAI said that a non-profit entity would remain part of the new structure.

Exclusive: OpenAI to remove non-profit control and give Sam Altman equity

OpenAI to remove non-profit control and give Sam Altman equity

Altman stands to land a chunk of equity in the company—which makes ChatGPT— in the restructuring, according to the report.

OpenAI said that a non-profit entity would remain part of the new structure.

More Business

See all Business
Millie Giles
UP-TO-DATE
3h
Tinder taps AI that can analyze your camera roll to find better matches

As Tinder’s paid subscriber count dwindles, Match Group wants to fight “swipe fatigue” with new features.

Internet, Artificial Intelligence And Social Media Companies Photo Illustrations
J. Edward Moreno
3h
White House unveils deal with Novo, Lilly on weight-loss drugs

The latest deal the administration has reached with Big Pharma is perhaps the one that would impact the highest number of Americans.

Weight loss drugs
Mounjaro injections

Blockbuster drug sales power Big Pharma’s Q3 earnings as tariff fears fade

Meanwhile, Novo Nordisk and Pfizer are in an escalating bid-off for obesity biotech Metsera.

J. Edward Moreno11/5/25
Millie Giles
CUT THE HUT?
11/5/25
Yum! Brands is considering selling off struggling chain Pizza Hut

The fast-casual veteran faces a crowded market and “pizza fatigue,” just as sales at sister brand Taco Bell are soaring.

Pizza Hut sign
World Series - Los Angeles Dodgers v Toronto Blue Jays - Game Seven

This year’s dramatic World Series finish drew baseball’s largest audience in years

The business of baseball got a much-needed boost, as more than 27 million Americans tuned in to see the LA Dodgers’ nail-biting victory over the Toronto Blue Jays on Saturday.

Claire Yubin Oh11/5/25

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC