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OpenAI details plans to turn into a for-profit company
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 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 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.
OpenAI’s ChatGPT and Sora are down
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 translates speech into text.
OpenAI’s ChatGPT and Sora are down: Here’s what we know
ChatGPT, the artificial intelligence chatbot developed by OpenAI, is experiencing an outage on Thursday afternoon. According to Downdector.com, thousands of users have reported outages after a surge in reports beginning around 10:20 a.
Is ChatGPT Down? Users Report Problems With OpenAI Product
EST, the outages tracking website, showed that there were over 15,000 reports of OpenAI not working with a majority, 92 percent, saying the problems were directly related to ChatGPT. The live outage map shows issues occurring across the country,
1d
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 ...
19h
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 ...
1d
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 ...
22h
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 ...
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 ...
21h
on MSN
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...
1d
on MSN
OpenAI's ChatGPT recovers after being hit with outages. Here's what to know.
ChatGPT stopped functioning for many users on Thursday afternoon, with OpenAI saying that its AI app was experiencing ...
1d
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.
4h
on MSN
OpenAI expands DC numbers as they expect friendlier reception by Trump administration
OpenAI is growing the size of its Washington D.C. policy team with the expectation that the Trump administration will be ...
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Elon Musk
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