openai artificial intelligence news

OpenAI details plans to turn into a for-profit company

OpenAI Details Plans for Becoming a For-Profit Company

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would receive shares in the new company.

New York Post on MSN · 20h

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 for revamping into a for-profit company.

tech · 1h

OpenAI Outlines New For-Profit Structure to Drive AI Innovation Forward

OpenAI, the creator of ChatGPT, announced a significant restructuring plan to transition its for-profit arm into a Public Benefit Corporation (PBC)

OpenAI to seek capital

MarketWatch on MSN · 19h

OpenAI to seek capital as a public benefit corporation in the vein of Patagonia

OpenAI, the massive artificial intelligence startup valued at about $157 billion, plans to set itself up as a public benefit corporation, or B-Corp., with a focus on social impact.

Barron's on MSN · 23h

OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.

OpenAI announced plans to refresh its corporate structure, indicating that though the year may be drawing to a close, the artificial intelligence battle is not. The company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation,

The Business Journals · 18h

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 are already fighting the move.

29mon MSN

Yearender 2024: From OpenAI's Sora to Google's Veo, 5 breakthroughs that made headlines in AI innovation

The year 2024 saw major AI innovations, including OpenAI's Sora Turbo for video creation, Google's upgraded Veo 2 and Imagen ...

19h

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 ...

17h

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's o3 isn't AGI yet but it just did something no other AI has done

To demonstrate we are still not at human-level intelligence, Chollet notes some of the simple problems in ARC-AGI that o3 can ...

20hon MSN

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 easier to "raise more capital than we'd imagined," and remove the restrictions ...

techtimes7h

OpenAI's 'For-Profit' Switch Promises a 'Humanitarian' Benefit Despite The Corporate Shift

OpenAI revealed its plans to transform its core into a for-profit business and claims it will not forget its humanitarian ...

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