OpenAI outlines new for-profit structure to stay ahead in costly AI race
1 week, 5 days ago

OpenAI outlines new for-profit structure to stay ahead in costly AI race

The Hindu  

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation that would make it easier to raise capital and remove the restrictions imposed on the startup by its current nonprofit parent. "The key to the announcement is that the for-profit side of OpenAI 'will run and control OpenAI's operations and business,'" DA Davidson & Co analyst Gil Luria said. "This is the critical step the company needs to make in order to continue fund raising," Luria said, although he added that the move did "not necessitate OpenAI going public." Meta Platforms is also urging California's attorney general to block OpenAI's planned conversion to a for-profit company, the Wall Street Journal reported earlier this month.

History of this topic

Sam Altman says OpenAI is losing money because of ChatGPT Pro subscription
2 days, 9 hours ago
OpenAI reveals plans to transition into a ‘for-profit company’
1 week, 5 days ago
OpenAI proposes public benefit corporation model to drive AI development
1 week, 5 days ago
OpenAI fires back at Elon Musk's for-profit lawsuit, claims he wanted to have a for-profit component
3 weeks, 2 days ago
After Elon Musk, now Meta is trying to block OpenAI from switching to a for-profit model
3 weeks, 3 days ago
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3 weeks, 5 days ago
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3 weeks, 5 days ago
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2 months ago
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3 months ago
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3 months ago
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3 months, 1 week ago
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3 months, 1 week ago
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3 months, 3 weeks ago
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4 months ago
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5 months ago
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6 months, 1 week ago
OpenAI buys database analytics firm Rockset in nine-figure stock deal, sources say
6 months, 2 weeks ago
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6 months, 3 weeks ago
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6 months, 4 weeks ago
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6 months, 4 weeks ago
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7 months, 3 weeks ago
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7 months, 4 weeks ago
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8 months, 1 week ago
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10 months ago
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10 months ago
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10 months ago
OpenAI says Musk agreed the ChatGPT maker should become a for-profit company
10 months ago

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