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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.
Business Insider on MSN
3d
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 floor ...
4d
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.
9d
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 ...
3d
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 ...
1d
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 ...
6d
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 ...
1d
on MSN
Newsmakers of 2024: Sam Altman's OpenAI leadership turmoil, tragedy, and continued dominance in AI
Microsoft-backed artificial intelligence (AI) startup OpenAI, led by its founder and CEO Sam Altman, remained in the ...
winbuzzer.com
8d
OpenAI CEO Sam Altman Owned and Sold Previously Unknown OpenAI Stake
Sam Altman's previously unknown sale of a stake in OpenAI might add fuel to the fire surrounding the company's for-profit ...
5d
on MSN
A timeline of OpenAI's rocky 2024
OpenAI's biggest moments in 2024 included lawsuits, Sam Altman's comeback, a historic funding round, and a legal fight with ...
4d
OpenAI CEO Sam Altman Crowdsources 2025 Goals — Sora Upgrades Top User Wishlist
OpenAI CEO Sam Altman sought user input for the company's 2025 goals, with top suggestions including enhancements to the Sora ...
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