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OpenAI details plans to turn into a for-profit company
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 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.
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.
7h
on MSN
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 ...
13d
Meta asks the government to block OpenAI’s switch to a for-profit
OpenAI wants to change its status while retaining all of the benefits that enabled it to reach the point it has today,” Meta ...
9h
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 ...
11d
Meta aligns with Musk to challenge OpenAI's shift to for-profit status
Meta Platforms has entered the fray in the ongoing dispute between OpenAI and Elon Musk, urging California's Attorney General ...
7h
Chinese start-up DeepSeek launches AI model that outperforms Meta, OpenAI products
DeepSeek’s V3 model was trained for two months at a cost of US$5.58 million, using significantly fewer computing resources ...
3h
on MSN
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
As Fortune reported in September, Altman told his staff at the time that OpenAI would next year become a more traditional for ...
11d
on MSN
Mark Zuckerberg’s Meta sides with rival Elon Musk in fight to stop OpenAI from becoming for-profit
Meta is attempting to stop OpenAI from becoming a for-profit company – a move that puts its billionaire boss Mark Zuckerberg ...
5h
on 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.
13d
on MSN
Mark Zuckerberg sets aside his feud with Elon Musk to go after Sam Altman's OpenAI
Sam Altman's OpenAI should remain a nonprofit.
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