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OpenAI’s Complex Path to Becoming a For-Profit Company
Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI's history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
OpenAI was a research lab — now it’s just another tech company
I obviously won’t pretend it’s natural for this one to be so abrupt, but we are not a normal company,” Altman wrote. But it follows a trend of departures that’s been bu
Is OpenAI Shifting Focus From Purpose To Profit?
When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to be that way?
Shift toward for-profit structure puts OpenAI's corporate soul at risk
OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.
OpenAI reportedly considering for-profit plans, but what would that be good for?
Even investors might not get much out of it Opinion Once upon a time, OpenAI was purely a non-profit. Really. It was established in December 2015 as a non-profit AI research organization. Now it appears increasingly likely that OpenAI will become a for-profit company.
10h
OpenAI sees $5 billion loss in 2024 and soaring sales as big ChapGPT fee hikes planned, report says
According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and ...
2d
on MSN
How OpenAI’s Plan to Become ‘For Profit’ Could Help It Raise Money From Apple, Microsoft, Nvidia
OpenAI intends to become a for-profit public-benefit corporation, The Wall Street Journal reported, citing people with ...
Impacts
1h
Apple Pulls Out Of The OpenAI Financing Round Negotiations
Apple has withdrawn from consideration to take part in an OpenAI funding round that is anticipated to generate roughly $6.5 ...
The Droid Guy
9h
Openai Might Raise The Price Of Chatgpt To $22 By 2025, $44 By 2029
OpenAI, the company behind the revolutionary AI chatbot ChatGPT, is considering a substantial increase in the subscription ...
23h
on MSN
Tim Cook-Led Apple Reportedly Abandons OpenAI Funding Round Discussions, But Nvidia And Microsoft Could Still Invest In ChatGPT-Parent
Apple has reportedly withdrawn from last-minute negotiations to invest in OpenAI's $6.5 billion funding round, which is still ...
1d
OpenAI Is Growing Fast and Burning Through Piles of Money
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ...
EconoTimes
5h
Apple Withdraws from OpenAI Investment Talks Ahead of $6.5 Billion Funding Round: WSJ Reports
Apple has reportedly pulled out of negotiations to join OpenAIs $6.5 billion funding round, according to The Wall Street ...
1d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
3d
on MSN
OpenAI, Microsoft, Amazon among first AI Pact signatories
OpenAI and Anthropic have agreed to share AI models before and after release with the US AI Safety Institute. The agency, ...
14h
Apple is reportedly not investing in OpenAI
Apple is said to have dropped out of a new funding round for OpenAI at the last minute, but this will have no impact on its ...
6h
OpenAI Predicts $11.6 Billion Revenue Next Year and Investment Opportunities
OpenAI, the leading AI company known for its products like ChatGPT, is predicting a remarkable revenue growth trajectory in ...
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