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OpenAI details plans to turn into a for-profit company
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would receive shares in the new company.
OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
OpenAI lays out its for-profit transition plans
One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.
OpenAI to seek capital
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
OpenAI, the massive artificial intelligence startup valued at about $157 billion, plans to set itself up as a public benefit corporation, or B-Corp., with a focus on social impact.
OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.
OpenAI announced plans to refresh its corporate structure, indicating that though the year may be drawing to a close, the artificial intelligence battle is not. The company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation,
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta are already fighting the move.
21h
on MSN
OpenAI embraces for-profit model to chase AI dreams
OpenAI, the pioneering force behind artificial intelligence breakthroughs, has unveiled a plan to overhaul its corporate ...
19h
OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure
ChatGPT maker OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a ...
1d
Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...
45m
on MSN
Yearender 2024: From OpenAI's Sora to Google's Veo, 5 breakthroughs that made headlines in AI innovation
The year 2024 saw major AI innovations, including OpenAI's Sora Turbo for video creation, Google's upgraded Veo 2 and Imagen ...
1d
OpenAI's o3 isn't AGI yet but it just did something no other AI has done
To demonstrate we are still not at human-level intelligence, Chollet notes some of the simple problems in ARC-AGI that o3 can ...
techtimes
7h
OpenAI's 'For-Profit' Switch Promises a 'Humanitarian' Benefit Despite The Corporate Shift
OpenAI revealed its plans to transform its core into a for-profit business and claims it will not forget its humanitarian ...
The Information
1d
Microsoft and OpenAI Wrangle Over Terms of Their Blockbuster Partnership
OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a ...
7h
on MSN
Newsmakers of 2024: Sam Altman's OpenAI leadership turmoil, tragedy, and continued dominance in AI
Microsoft-backed
artificial
intelligence
(AI) startup
OpenAI
, led by its founder and CEO Sam Altman, remained in the ...
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