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OpenAI confirms plans to become 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 Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.
OpenAI lays out its for-profit transition plans
One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.
Microsoft and OpenAI have a financial definition of AGI
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 strange contractual agreement that the startup would stop allowing Microsoft to use any new technology it develops after AGI is achieved.
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 startup’s profits, according to a new report from The Information. And by this definition,
Report: Microsoft, OpenAI Tied AGI Metric to Profits, Not Intelligence
With OpenAI transitioning into a for-profit business, a new report claims that the company's partnership with Microsoft is even weirder than we knew.
17h
on MSN
Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...
22h
on MSN
ChatGPT isn't the only cool AI tool made by OpenAI — check out Sora, DALL-E, and more
OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and ...
19h
on MSN
OpenAI beefs up Washington presence with a pitch for energy and security
The AI industry wants Trump’s Washington to embrace it as a bulwark against China. OpenAI is trying to lead the pack.
1d
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 ...
2d
OpenAI Recap: o3 Model Wraps 12 Days of Announcements
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
23h
on MSN
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
At issue were the implications such a move might have on whether OpenAI would allocate its assets to the nonprofit arm fairly ...
Washington Examiner
7h
OpenAI expands DC numbers as they expect friendlier reception by Trump administration
The addition of tech scions Elon Musk and David Sacks to the Trump administration has driven enthusiasm around
OpenAI
that ...
4h
OpenAI is Switching to a New For-Profit Model
In a recent blog post, OpenAI revealed plans to split into two entities: a Public Benefit Corporation (PBC) and a non-profit ...
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Elon Musk
Artificial intelligence
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