OpenAI's for-profit plan includes a public benefit corporation
The move] would enable us to raise the necessary capital with conventional terms like others in this space.” As part of the transformation, OpenAI’s nonprofit division would retain a stake in the for-profit unit in the form of shares “at a fair valuation determined by independent financial advisors,
The year 2024 saw major AI innovations, including OpenAI's Sora Turbo for video creation, Google's upgraded Veo 2 and Imagen ...
Over the past month, we've seen a rapid cadence of notable AI-related announcements and releases from both Google and OpenAI, ...
OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and ...
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...
Early testers are playing with Google's new Veo 2 and finding it bests OpenAI's Sora when it comes to accuracy.
A day after Google announced its first model capable of reasoning over problems, OpenAI has upped the stakes with an improved ...
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to ...
Google CEO Sundar Pichai sees a slowdown while OpenAI CEO Sam Altman envisions acceleration to generative artificial ...
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Google Veo2 vs OpenAI Sora: AI models now create text-to-video clips, promise a new futureWhat is the future of video creation with AI tools like Veo2 and Sora generating high-quality, realistic videos? More ...
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