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OpenAI details plans to turn into a for-profit company
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.
Confirming rumors, OpenAI details plans to turn into a for-profit company
Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, investors reportedly had to sign an agreement that states it “would be wise to view any investment in [OpenAI’s for-profit subsidiary] in the spirit of a donation.”
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.
1d
on MSN
Buyer beware: OpenAI’s o1 reasoning model is an entirely different beast
Sam Altman, OpenAI CEO, speaks at the company's first developer day in San Francisco in November 2023. (GeekWire File Photo / ...
10h
OpenAI Launches Its Own Humanoid Robots : What You Need to Know
OpenAI’s bold move into humanoid robotics combines cutting-edge AI with strategic partnerships to transform the future of ...
10d
on MSN
OpenAI opens up developer access to the full o1 reasoning model
When OpenAI first introduced its o1 reasoning model, developers could only use the o1-preview model through the API. That's ...
10d
on MSN
OpenAI brings its o1 reasoning model to its API — for certain developers
OpenAI is bringing its o1 model to its API — and introducing other, related developer-focused improvements across its product ...
techtimes
12h
OpenAI's 'For-Profit' Switch Promises a 'Humanitarian' Benefit Despite The Corporate Shift
OpenAI revealed its plans to transform its core into a for-profit business and claims it will not forget its humanitarian ...
8h
on MSN
'Need to raise more capital than we'd imagined': OpenAI announces plans to transition from non-profit structure
The hundreds of billions of dollars that major companies are now investing into AI development show what it will really ...
2d
OpenAI Recap: o3 Model Wraps 12 Days of Announcements
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
1d
on MSN
OpenAI mulls restructuring
OpenAI is mulling a corporate restructuring designed to help coordinate the artificial intelligence developer’s nonprofit and ...
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