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OpenAI details plans to turn into a for-profit 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 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 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.
8h
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 ...
8h
on MSN
OpenAI mulls restructuring
OpenAI is mulling a corporate restructuring designed to help coordinate the artificial intelligence developer’s nonprofit and ...
8h
on MSN
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 ...
16h
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 ...
6h
To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...
59m
on MSN
OpenAI outlines new for-profit structure to stay ahead in costly AI race
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation that would make ...
9h
on MSN
OpenAI company shifts its corporate structure, allowing it raise more capital
OpenAI’s time as a unique nonprofit tech company guiding one of the more transformative and well-known iterations of ...
9h
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 ...
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