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OpenAI outlines new for-profit structure
OpenAI company shifts its corporate structure, allowing it to raise more capital
OpenAI’s time as a unique nonprofit tech company guiding one of the more transformative and well-known iterations of artificial intelligence is coming to an end. The San Francisco company behind ChapGPT revealed Friday that it intends to become a public benefits company,
OpenAI reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
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 for-profit structure.
6h
OpenAI's Big Holiday Payday: How 400 Employees Could Walk Away With $10 Million Each
This holiday season, OpenAI 's employees and former staff could experience an extraordinary financial windfall. A private ...
1d
OpenAI says it needs ‘more capital than we'd imagined' as it lays out for-profit plan
OpenAI said in a blog post Friday that heading into 2025, “we have to becomean enduring company,” which requires changing its ...
3h
Should You Forget Nvidia and Buy This Tech Stock Instead?
Nvidia's business is booming, but the stock is still quite expensive. Should you consider a lower-priced tech giant instead?
9d
on MSN
OpenAI Employees Could Become Multimillionaires Next Week Thanks to a New Stock Sale
OpenAI has arranged a private stock sale for its staff with SoftBank Group that allows current and former employees to sell ...
1d
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 ...
12d
OpenAI IPO would create the next hot meme stock
Artificial intelligence models require vast amounts of data. The companies that run them, like ChatGPT creator OpenAI, ...
1d
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI’s $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital.
5d
Nvidia Stock Is Set To Surge From OpenAI's o3 Breakthrough
Nvidia poised to capitalize on high demand for inference GPUs with superior technology, but competition is heating up. Click ...
1d
on MSN
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
OpenAI, the massive artificial intelligence startup valued at about $157 billion, plans to set itself up as a public benefit ...
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