OpenAI Details Plans for Becoming a For-Profit Company
2 days ago · In a company blog post published on Friday, OpenAI said it planned to restructure as a public benefit corporation, or P.B.C., which is a for-profit corporation designed to create public and social ...
Explainer: Why OpenAI plans transition to public benefit corporation
1 day ago · OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies ...
OpenAI reveals new details about its plan to convert to a for …
2 days ago · The ousting and return of OpenAI CEO Sam Altman in 2023 thrust the company's nonprofit board governance structure into the spotlight.Jason Redmond/AFP/Getty Images OpenAI shared new details about ...
OpenAI lays out its for-profit transition plans | TechCrunch
2 days ago · In October, OpenAI raised $6.6 billion at a $157 billion valuation, bringing its total raised to $17.9 billion. The company still expects to lose money this year, however — $5 billion, according ...
OpenAI outlines new for-profit structure in bid to stay ahead in …
2 days ago · OpenAI to become a public benefit corporation, to facilitate funding; ... Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching ...
OpenAI announces plan to transform into a for-profit company
2 days ago · 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 ...
OpenAI outlines new for-profit structure in bid to stay ahead in …
2 days ago · (Reuters) -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 ...
OpenAI says it needs ‘more capital than we’d imagined’ as it lays …
2 days ago · OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit ...
OpenAI reveals plan to convert to public benefit corporation
2 days ago · 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.
OpenAI wants to move from nonprofit roots to for-profit company | AP News
OpenAI is not the first technology company to try to balance commercial and humanitarian objectives but its maneuvers drew a rebuke Thursday from Mozilla, which blends a nonprofit foundation and research hub with a company known for making the Firefox web browser.
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