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 ...
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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." ...
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." ...
Godfather of AI Throws Support Behind Elon Musk’s Lawsuit Against OpenAI
The youth advocacy group Encode is supporting Musk's lawsuit seeking a preliminary injunction that would stop OpenAI from ...
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 ...
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Microsoft-Backed OpenAI Plans Public Benefit Corporation, Riding Microsoft's 15% YTD Rally
Transposing a Delaware Public Benefit Corporation will allow Microsoft (MSFT, Financials) supported OpenAI to reorganize ...
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 ...
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 ...