OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
OpenAI Officially Announces For-Profit Transition
OpenAI says the plan “would result in one of the best-resourced non-profits in history,” and allow it to raise funds with "conventional terms," like its competitors.
OpenAI lays out plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
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.
OpenAI's for-profit plans: Here's what to know
CNBC's Kate Rooney reports on the latest in OpenAI's for-profit plans. I've been on 50 cruises. Here are 5 things I never buy on the ships. Baldur's Gate 3 Fans Shouldn't Sleep on Solasta 2 Biden signed 50 bills into law on Christmas Eve.
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 investors want.
OpenAI reveals how it will transform into a for-profit company
OpenAI is getting a corporate makeover. The ChatGPT maker revealed in a company blog post (via The New York Times) that it plans to undergo some changes at the structural level soon. Specifically, OpenAI will become a Public Benefit Corporation,
OpenAI is done with Shipmas and staring down daunting challenges for 2025
Most notably, there’s co-founder Elon Musk, who now runs rival startup xAI, and is in the midst of a heated legal battle with ...
Hundreds of OpenAI’s current and ex-employees are about to get a huge payday by cashing out up to $10 million each in a private stock sale
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the ...
Meta, Amazon and tech CEOs make $1 million investments in Trump's inauguration
Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, also plans to send $1 million to Trump's inaugural fund ...
Why Does OpenAI Need So Much Money?
Building a chatbot like ChatGPT requires billions upon billions of dollars. That’s the driving force behind OpenAI’s plans to ...
Google And OpenAI CEOs Offer Different 2025 Generative AI Forecasts
Google CEO Sundar Pichai sees a slowdown while OpenAI CEO Sam Altman envisions acceleration to generative artificial ...
Weekly Tech Recap: OpenAI unveils o3 and o3 mini model, Amazon cracks down on password sharing and more
This week highlights OpenAI unveiling its o3 models, Amazon’s new password sharing policies, rumors of the iPhone SE 4 being ...
OpenAI’s Bold Move: New For-Profit Transformation Set for 2025
ChatGPT creator OpenAI plans to restructure into a for-profit organization, according to a blog post the company published on Thursday outlining the transition ...
The AI war between Google and OpenAI has never been more heated
Over the past month, we've seen a rapid cadence of notable AI-related announcements and releases from both Google and OpenAI, ...
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OpenAI announces o3 and o3 mini reasoning models
OpenAI just announced o3 and o3 mini, its next-gen reasoning models.
ChatGPT Is Available for Phone Calls and Texts: OpenAI’s New Feature
For users in the United States, ChatGPT is available for phone calls and texts through the 1-800-CHATGPT service. OpenAI has ...
How to Invest in Oklo
Oklo is a nuclear power company that develops small modular nuclear reactors to provide clean energy made from nuclear waste.