OpenAI is completing its metamorphosis from a nonprofit organization operating for the good of humanity to a shareholder-focused company gearing up for one of the biggest IPOs in history.

Internal records show that OpenAI founders had private doubts about the non-profit structure as early as 2017.

OpenAI is preparing for an IPO later in 2026.

Karen Hao's book argues that OpenAI's mission to ensure AGI benefits humanity, while possibly idealistic initially, has become a formula for consolidating resources and constructing an empire.

OpenAI created a for-profit subsidiary attached to its nonprofit structure.

Elon Musk had a falling out with Sam Altman because Musk felt Altman had abandoned OpenAI's altruistic goals for profit.