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OpenAI confirms plans to become 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 reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
OpenAI Says It Needs More Money as It Plans to Go For-Profit
OpenAI is making a big change to fund its future. By 2025, it plans to become a Public Benefit Corporation, combining for-profit operations with a nonprofit arm focused on education, healthcare, and science.
OpenAI lays out plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
7h
Sam Altman: AI Is Integrated. Superintelligence Is Coming.
Bari Weiss at the Free Press interviewed Sam Altman, the creator of ChatGPT technologies and leader at OpenAI, about the ...
Business Insider on MSN
2d
Sam Altman wants to hear from you on what OpenAI should build next year. Here are 3 ideas that have caught his eye so far.
Sam
Altman
wants your suggestions for improving
OpenAI
in the new year. On Christmas Eve,
OpenAI
's CEO opened the ...
Benzinga.com
10h
Sam Altman's OpenAI Plans Major Restructuring to Non-Profit Structure Amid Rising Costs
Elon Musk opposes
OpenAI
's shift, claiming it abandons nonprofit roots. Get New Picks of the Market's Top Stocks
Sam
...
3d
Elon Musk Vs. Sam Altman: Inside The Feud Over OpenAI And ChatGPT
A story of control and competition unfolds, with the ongoing feud between OpenAI co-founders, Elon Musk and Sam Altman.
1d
Sam Altman chats with users and reveals possible new ChatGPT features for 2025
OpenAI concluded 2024 with a bang, hosting a “12 Days” event of AI announcements mostly focused on ChatGPT. The ChatGPT o1 ...
6h
Sam Altman's OpenAI Plans Major Revamp Of Corporate Structure
OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...
7d
on MSN
Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time ...
1d
Sam Altman's universal basic income experiment reveals benefits and limitations in addressing AI job losses
The impact generative AI is having on the jobs market is well documented. Altman, boss of ChatGPT-maker OpenAI, said that in ...
7d
on MSN
OpenAI's Sam Altman says AGI is becoming a "less useful term" with o1 — "astonishing cognitive capabilities" predicted before 2026
Interestingly, the executive foresees OpenAI unlocking new heights in AI progression, leading to AI systems that "can do ...
7d
on MSN
Sam Altman says OpenAI’s new o3 ‘reasoning’ models begin the ‘next phase’ of AI. Is this AGI?
The new o3 models did so well on a prominent benchmark that some immediately questioned whether OpenAI had in fact achieved ...
Analytics India Magazine
18h
OpenAI Must Earn $100 Bn to Prove AGI’s Worth to Microsoft
According to a report, OpenAI can only achieve AGI when it has built a system that can generate $100 billion in profits. For ...
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