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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 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 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.
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.
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 ...
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 ...
9h
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 ...
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'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 ...
Benzinga.com
13h
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
...
2d
on MSN
Guaranteed basic income isn't a silver bullet, says the lead researcher behind Sam Altman's major study
Elizabeth Rhodes says the study's results so far suggest there "isn't a singular solution" for addressing poverty and ...
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 ...
PCMag on MSN
6d
OpenAI CEO Sam Altman Calls Former Business Partner Elon Musk ‘a Bully’
Altman claimed that Musk's opposition to OpenAI's potential for-profit transition comes from his desire to remain in control ...
4d
Sam Altman’s OpenAI ChatGPT o3 Is Betting Big On Deliberative Alignment To Keep AI Within Bounds And Nontoxic
Sam Altman finished the OpenAI "12 days of shipmas" with a reveal of ChatGPT o3 and a new method called deliberative ...
7d
Sam Altman says Elon Musk is 'clearly a bully' who likes to get in fights with rivals
Altman said he believes much of Musk's animosity is rooted in OpenAI's recent success and the fact that he now runs a direct ...
1d
on MSN
CEOs and companies are breaking out their wallets for Trump, from Sam Altman to Jeff Bezos and Mark Zuckerberg
Business leaders across industries are trying to get on the president-elect's good side ahead of his return to the Oval ...
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