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OpenAI details plans to turn into a for-profit company
To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its investors want.
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.
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.
1d
3 Big Things Going On At OpenAI, From Business Changes To AI Evolution
It’s a company that has become a household name, and a leader in its field. People are even recognizing the name Sam Altman, ...
4d
on MSN
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." ...
Futurism on MSN
1d
OpenAI Admits It Needs Vastly More Money Than It Thought
OpenAI says it wants to transform into a for-profit corporation because it needs "to raise more capital than we'd imagined." ...
TechCrunch
13d
OpenAI may pay its nonprofit arm ‘billions of dollars’ in conversion to for-profit
OpenAI
’s transition away from a for-profit corporation that’s governed by a nonprofit
board
is well underway — and the ...
8d
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
on MSN
OpenAI may become a for-profit because it needs 'more capital than imagined'
OpenAI has revealed a plan to restructure its operations and more cleanly separate the for-profit and non-profit arms of its ...
4d
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
8d
How OpenAI hopes to sever its nonprofit roots
OpenAI’s board of directors has promised investors that it will restructure the organization within the next two years.
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