Confirming rumors, OpenAI details plans to turn into a for-profit company
Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, investors reportedly had to sign an agreement that states it “would be wise to view any investment in [OpenAI’s for-profit subsidiary] in the spirit of a donation.”
tom's Hardware on MSN4d
OpenAI switching to a for-profit company to raise more cash as it continues to lose moneyIn a new blog post, OpenAI outlines its plans to become a for-profit organization while maintaining its core mission of ...
Futurism on MSN1d
OpenAI Admits It Needs Vastly More Money Than It ThoughtOpenAI says it wants to transform into a for-profit corporation because it needs "to raise more capital than we'd imagined." ...
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...
OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public ...
"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...
OpenAI has outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to ...
Intelligencer on MSN3d
The Future of AI Shouldn’t Be Taken at Face ValueToday OpenAI announced o3, its next-gen reasoning model. We've worked with OpenAI to test it on ARC-AGI, and we believe it ...
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...
OpenAI's biggest moments in 2024 included lawsuits, Sam Altman's comeback, a historic funding round, and a legal fight with ...
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