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OpenAI details plans to turn into a for-profit company

The New York Times · 18h

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.

New York Post on MSN · 21h

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.

Hosted on MSN · 21h

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 structure, signaling a significant strategic shift to fuel its ambitious pursuit of artificial general intelligence (AGI).

OpenAI to seek capital

MarketWatch on MSN · 20h

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.

Barron's on MSN · 1d

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,

The Business Journals · 18h

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.

20h

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 ...

58mon 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

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 ...

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 ...

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 ...

17h

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 ...

20hon MSN

OpenAI mulls restructuring

OpenAI is mulling a corporate restructuring designed to help coordinate the artificial intelligence developer’s nonprofit and ...

1d

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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