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OpenAI details plans to turn into 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.

The New York Times · 21h

OpenAI Details Plans for Becoming a For-Profit Company

OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.

TechCrunch on MSN · 18h

OpenAI lays out its for-profit transition plans

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.

Microsoft and OpenAI have a financial definition of AGI

Gizmodo · 1d

Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’

But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a strange contractual agreement that the startup would stop allowing Microsoft to use any new technology it develops after AGI is achieved.

TechCrunch on MSN · 1d

Microsoft and OpenAI have a financial definition of AGI: report

Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition,

Thurrott · 1d

Report: Microsoft, OpenAI Tied AGI Metric to Profits, Not Intelligence

With OpenAI transitioning into a for-profit business, a new report claims that the company's partnership with Microsoft is even weirder than we knew.

OpenAI to seek capital

Reuters on MSN · 19h

Explainer: Why OpenAI plans transition to public benefit corporation

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 such as Google.

MarketWatch on MSN · 23h

OpenAI to seek capital as a public benefit corporation in the vein of Patagonia

Market watchers have said an initial public offering from OpenAI seems unlikely in 2025 given that it’s been able to raise billions of dollars in backing in private markets, inc

Barron's on MSN · 1d

OpenAI Wants to Create a ‘Public Benefit Corporation.’ Here’s What That Means.

OpenAI announced plans to refresh its corporate structure, indicating that though the year may be drawing to a close, the artificial intelligence battle is not. The company—which developed AI chatbot ChatGPT—says it wants to transform its current for-profit arm into a public-benefit corporation,

23hon MSN

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

At issue were the implications such a move might have on whether OpenAI would allocate its assets to the nonprofit arm fairly ...

18hon MSN

Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition

Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...

21h

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 ...

23hon MSN

ChatGPT isn't the only cool AI tool made by OpenAI — check out Sora, DALL-E, and more

OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and ...

20hon 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.

OpenAI defends for-profit shift as critical to sustain humanitarian mission

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...

Washington Examiner7h

OpenAI expands DC numbers as they expect friendlier reception by Trump administration

The addition of tech scions Elon Musk and David Sacks to the Trump administration has driven enthusiasm around OpenAI that ...

OpenAI is Switching to a New For-Profit Model

In a recent blog post, OpenAI revealed plans to split into two entities: a Public Benefit Corporation (PBC) and a non-profit ...

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OpenAI details plans to turn into a for-profit company

Microsoft and OpenAI have a financial definition of AGI

OpenAI to seek capital

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