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OpenAI’s Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
OpenAI plans to become a for-profit business — here’s what that means for the AI company
OpenAI doesn't want to be so open anymore. According to a new report, OpenAI — the organization that burst onto the scene with the release of its popular AI chatbot, ChatGPT, in 2022 — is looking to restructure into a for-profit company.
OpenAI was a research lab — now it’s just another tech company
I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman wrote. But it follows a trend of departures that’s been bu
Turning OpenAI Into a Real Business Is Tearing It Apart
Executives and researchers have left the artificial-intelligence company this year amid disputes over the its values and fights among its leaders.
Is OpenAI Shifting Focus From Purpose To Profit?
When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to be that way?
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board whose mission is to help humanity.
Shift toward for-profit structure puts OpenAI's corporate soul at risk
OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.
OpenAI reportedly considering for-profit plans, but what would that be good for?
Even investors might not get much out of it Opinion Once upon a time, OpenAI was purely a non-profit. Really. It was established in December 2015 as a non-profit AI research organization. Now it appears increasingly likely that OpenAI will become a for-profit company.
7h
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and ...
2d
on MSN
How OpenAI’s Plan to Become ‘For Profit’ Could Help It Raise Money From Apple, Microsoft, Nvidia
OpenAI intends to become a for-profit public-benefit corporation, The Wall Street Journal reported, citing people with ...
12h
Apple reportedly backs out of OpenAI funding round
In a short-lived will-they-won't-they love story to rival the likes of Heathcliff and Catherine, Apple is reportedly no ...
1d
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ...
1d
OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue
CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first ...
1d
OpenAI is raising billions, inviting more regulatory heat for Microsoft
After their partnership has already drawn antitrust scrutiny, Microsoft would own shares in OpenAI if it shifts to a ...
1d
Apple not investing in OpenAI after all, new report says
Apple is no longer planning to invest in OpenAI, according to a new report from The Wall Street Journal. This comes as OpenAI ...
VN Express
2h
Apple drops out of talks to join OpenAI investment round, WSJ reports
Apple has left negotiations to participate in an OpenAI funding round expected to raise about $6.5 billion, the Wall Street ...
1d
OpenAI reportedly wants to build 5 gigawatt data centers, and nobody knows who could supply that much power
Five gigawatts is an astonishingly large amount of power. It’s the output of around five nuclear reactors—the kind of power ...
Techopedia
14h
Apple Exits Talks to Participate in OpenAI’s $6.5 Billion Funding Round
Apple exits OpenAI's $6.5B funding round as Microsoft and others remain. Internal challenges and leadership changes at OpenAI ...
3h
OpenAI Predicts $11.6 Billion Revenue Next Year and Investment Opportunities
OpenAI, the leading AI company known for its products like ChatGPT, is predicting a remarkable revenue growth trajectory in ...
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