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OpenAI details plans to turn into a for-profit company

Business Insider on MSN · 4d

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."

TechCrunch on MSN · 4d

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.

NBC New York · 4d

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 structure.

9hon MSN

‘Godfather of artificial intelligence’ Geoffrey Hinton backs Elon Musk’s OpenAI legal battle

Geoffrey Hinton, the prominent data scientist known as the “Godfather of artificial intelligence,” is backing Elon Musk in ...

winbuzzer.com13d

OpenAI Nonprofit Board Stands to Gain Billions When Moving to For-Profit Entity

OpenAI has reportedly finalized plans to pay billions to its nonprofit board as it transitions to a for-profit model, ...

OpenAI plans transition to public corporation for easier investment access

OpenAI was founded in 2015 as a nonprofit organization with the ideal goal of building safe and beneficial AI for humanity.

16h

Nonprofit Group Joins Elon Musk’s Effort to Block OpenAI’s Profit Transition: The Future of AI Development

A nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition, citing concerns over safety and public ...

7d

OpenAI’s Crucible Year: How 2024 Is Reshaping The Future Of AI

OpenAI's challenges in 2024 will shape the future of AI, setting precedence for AI regulation, AI governance and usage of ...

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