OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to ...

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a ...

The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...

OpenAI has proposed restructuring its for-profit wing as a PBC to attract investors while maintaining the non-profit; in line ...

OpenAI announced its “capped profit” structure in 2019. The OpenAI Nonprofit remained as before, and its board was responsible for the overall governance of all OpenAI activities. The new for-profit ...

OpenAI has announced its intention to shift into a for-profit entity, marking a significant milestone in its evolution.

However, by 2019, it became clear that developing large-scale language models required substantial investments, prompting the ...

OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock." ...

Generative AI in Public Sector Market size is expected to reach USD 12 billion by 2033, projected at a CAGR of 21.6% during ...

Developing the large language models at the heart of ChatGPT and other generative AI products requires an ongoing investment ...

The artificial intelligence startup on Wednesday posted on microblogging site X that Sam will return with a new initial board ...