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OpenAI to seek capital
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.
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's for-profit plan includes a public benefit corporation
Following months of speculation, OpenAI has finally shared how it plans to become a for-profit company. In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025.
Thousands report outage with OpenAI chatbot and Sora
ChatGPT recovers after being hit by outages, OpenAI says
ChatGPT stopped functioning for many users on Thursday afternoon, with OpenAI saying that its AI app was experiencing glitches for some. The app recovered several hours later, the San Francisco-based company said.
ChatGPT down: Thousands report outage with OpenAI chatbot and Sora
OpenAI’s much-used ChatGPT artificial intelligence chatbot is down, with scores of social media users reporting complaints. Others noted issues with OpenAI’s Sora video-generation model. “We are currently experiencing an issue with high error rates on ChatGPT,
OpenAI’s ChatGPT and Sora are down: Here’s what we know
ChatGPT, the artificial intelligence chatbot developed by OpenAI, is experiencing an outage on Thursday afternoon. According to Downdector.com, thousands of users have reported outages after a surge in reports beginning around 10:20 a.
4h
on MSN
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 ...
4h
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 ...
3h
on MSN
OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure
Key Takeaways Artificial intelligence startup OpenAI said it needs to raise more capital than expected, and laid out plans ...
1h
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, ...
4h
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 ...
11h
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 ...
22h
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 ...
Fast Company
21h
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI
, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research. But as ...
16h
on MSN
OpenAI and Microsoft have put a price tag on what it means to achieve AGI: report
The companies reportedly signed an agreement last year that defined AGI as a system that can generate $100 billion in profits ...
8h
Beyond OpenAI: Microsoft's Bold Move to Revolutionize Copilot with Diverse AI Models
Microsoft ( NASDAQ:MSFT) clarified that its OpenAI collaboration allows it the flexibility for including several artificial ...
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