<ul><li>OpenAI, developer of the ChatGPT chatbot, is becoming a for-profit company.</li><li>It has suffered senior executive departures recently including Mira Murati.</li><li>The change in status is a response to OpenAI's need to raise more investment.</li><li>This year, OpenAI could lose as much as $5bn.</li><li>Its new for-profit unit will no longer be controlled by its non-profit board.</li><li>Potential investors include Apple and Nvidia.</li><li>OpenAI is aiming to raise $6.5bn.</li><li>The company aims to build “artificial general intelligence”, but there are concerns about safety.</li><li>Many experts are concerned that the tech sector is not doing enough for AI safety.</li><li>OpenAI is racing towards developing powerful AI tools.</li></ul>

Why is OpenAI planning to become a for-profit business and does it matter?

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