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OpenAI confirms plans to become a for-profit company
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI announces plan to transform into a for-profit company
Going into 2025, OpenAI plans to become a Public Benefit Corporation (PBC), which is a for-profit company meant to operate for the good of society. This division will “run and control OpenAI’s operations and business,” while OpenAI’s nonprofit will retain a stake in the business but lose its oversight role.
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.
Parents of OpenAI whistleblower hire private investigator
OpenAI whistleblower's mother wants suicide death investigation reopened
OpenAI whistleblower Suchir Balaji's death was ruled a suicide — but his family is calling on police to reopen their investigation, saying it "doesn't look like a normal situation."
Mom of OpenAI Whistleblower Who Died by Suicide Days After His Birthday Speaks Out
The family of former OpenAI researcher and company whistleblower Suchir Balaji has arranged for a second autopsy to be conducted
Parents of OpenAI whistleblower hire private investigator after death
Although it was determined a former OpenAI researcher known to be a whistleblower died by suicide in San Francisco, his parents have reportedly hired an expert to perform an independent autopsy.
OpenAI, ChatGPT
ChatGPT recovers after being hit by outages, OpenAI says
ChatGPT stopped functioning for many users on Thursday afternoon, with OpenAI saying that its AI app was experiencing glitches for some. The app recovered several hours later, the San Francisco-based company said.
Is ChatGPT Down? Users Report Problems With OpenAI Product
EST, the outages tracking website, showed that there were over 15,000 reports of OpenAI not working with a majority, 92 percent, saying the problems were directly related to ChatGPT. The live outage map shows issues occurring across the country,
OpenAI: ChatGPT restored after several hours of downtime
ChatGPT stopped working for many users on Thursday afternoon, with OpenAI stating that its AI app was experiencing problems for some. The app recovered several hours later, the San Francisco-based company said.
TechCrunch
13m
Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, the nonprofit org that co-sponsored California’s ill-fated SB 1047 AI safety legislation, has requested permission to ...
52m
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.
1h
To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...
3h
OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure
ChatGPT maker OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a ...
Fast Company
21h
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI
, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research. But as ...
6d
Live Updates: 12 Days of OpenAI ChatGPT announcements and reveals
OpenAI’s end of the year event is here. The company is hosting “12 Days of OpenAI,” a series of daily livestreams with demos ...
6d
Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died
Suchir Balaji, a former OpenAI engineer and whistleblower who helped train the artificial intelligence systems behind ChatGPT ...
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