OpenAI pivots to for-profit model to secure massive AI funding
OpenAI’s $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital. OpenAI, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research.
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 unveils for-profit plans
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OpenAI reveals how it will transform into a for-profit company
OpenAI is getting a corporate makeover. The ChatGPT maker revealed in a company blog post (via The New York Times) that it plans to undergo some changes at the structural level soon. Specifically, OpenAI will become a Public Benefit Corporation,
OpenAI lays out its for-profit transition plans
OpenAI says its corporate structure must evolve to advance its mission of ensuring artificial general intelligence (AGI) — AI that can complete most tasks humans can — benefits all humanity. OpenAI currently has a for-profit org controlled by a nonprofit,
OpenAI announces plan to transform into a for-profit company
OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.
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OpenAI Set to Transition to Public Benefit Corporation to Fuel AGI Mission
OpenAI, the famous artificial intelligence research organization, is undergoing a significant transformation to enhance ...
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 ...
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 ...
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 ...
Microsoft and OpenAI have a financial definition of AGI: Report
Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the ...
AI System Matches Humans on Test for 'General Intelligence'
A new artificial intelligence (AI) model has just achieved human-level results on a test designed to measure “general ...
New OpenAI o3 AI Model : A Giant Leap Toward Artificial General Intelligence (AGI)
OpenAI's o3 AI model achieves human-level intelligence in coding, math, and reasoning. Learn how it's shaping the future of ...
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 ...
OpenAI defends for-profit shift as critical to sustain humanitarian mission
"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...