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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.
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
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.
5h
on MSN
OpenAI to maintain charitable branch after shifting to for-profit
The post OpenAI to maintain charitable branch after shifting to for-profit appeared first on Android Headlines.
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 ...
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 ...
4d
on MSN
A timeline of OpenAI's rocky 2024
OpenAI's biggest moments in 2024 included lawsuits, Sam Altman's comeback, a historic funding round, and a legal fight with ...
EconoTimes
12d
Mark Zuckerberg and Elon Musk Challenge Sam Altman’s $157 Billion OpenAI Over Profit Ambitions
Mark Zuckerberg and Elon Musk have set aside their rivalry to take on Sam Altmans OpenAI. The tech leaders argue that OpenAIs ...
4d
Mark Zuckerberg went all in on Meta's AI strategy this year. The pressure builds in 2025
Generative AI technology has become Meta’s priority, directly impacting the company’s business and potentially paving the ...
13d
Elon Musk Finds An Unlikely Ally In Mark Zuckerberg's Meta In His Fight Against Sam Altman's OpenAI
Elon Musk has received support from Mark Zuckerberg's Meta Platforms in his fight against Sam Altman-led OpenAI's for-profit ...
10d
on MSN
What does Big Tech hope to gain from warming up to Trump?
In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs have joined a parade of ...
3h
How A Columbia Class Project Became Decentralized AI Solutions
If we examine the world's most successful tech companies closely, an interesting pattern emerges: most began in academic ...
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