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OpenAI confirms plans to become a for-profit company

Hosted on MSN · 54m

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.

The Verge on MSN · 3h

OpenAI announces plan to transform into a for-profit company

Going into 2025, OpenAI plans to become a Public Benefit Corporation⁠ (PBC), which is a for-profit company meant to operate for the good of society. This division will “run and control OpenAI’s operations and business,” while OpenAI’s nonprofit will retain a stake in the business but lose its oversight role.

The New York Times · 4h

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.

Thousands report outage with OpenAI chatbot and Sora

INSIDER on MSN · 3h

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.

ChatGPT down: Thousands report outage with OpenAI chatbot and Sora

OpenAI’s much-used ChatGPT artificial intelligence chatbot is down, with scores of social media users reporting complaints. Others noted issues with OpenAI’s Sora video-generation model. “We are currently experiencing an issue with high error rates on ChatGPT,

ChatGPT 'recovering' after major OpenAI outage

OpenAI is experiencing an outage Thursday, causing many users to error out when using ChatGPT or the company's API. The tech company says the outage is caused by an “upstream provider” issue. The outage began around 2 p.

Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition

Encode, the nonprofit org that co-sponsored California’s ill-fated SB 1047 AI safety legislation, has requested permission to ...

1h

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 ...

1h

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 ...

55mon 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.

5h

OpenAI whistleblower's mother wants suicide death investigation reopened

OpenAI whistleblower Suchir Balaji's death was ruled a suicide — but his family is calling on police to reopen their ...

5h

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 ...

Fast Company21h

OpenAI pivots to for-profit model to secure massive AI funding

OpenAI, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research. But as ...

3h

Mom of OpenAI Whistleblower Who Died by Suicide Days After His Birthday Speaks Out

The family of former OpenAI researcher and company whistleblower Suchir Balaji has arranged for a second autopsy to be ...

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