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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.
8h
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 ...
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 ...
Observer
11h
OpenAI’s Leadership Exodus: 9 Key Execs Who Left the A.I. Giant This Year
Kosic left last year to join Elon Musk ’s xAI. Several other outgoing OpenAI employees have taken similar routes and gone on ...
Futurism on MSN
12h
Authors Suing OpenAI Will Get to See Its Secret Training Data in Heavily Locked Down Room
Secure Facilities Authors suing OpenAI for copyright infringement are going to get unprecedented access to its training data ...
13h
Apple reportedly backs out of OpenAI funding round
In a short-lived will-they-won't-they love story to rival the likes of Heathcliff and Catherine, Apple is reportedly no ...
1d
OpenAI offers one investor a sweetener that no others are getting
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener ...
1d
OpenAI might raise the price of ChatGPT to $44 by 2029
OpenAI is considering raising the price of its AI-powered chatbot, ChatGPT, significantly — to $22 by 2025 and $44 by 2029.
FINANCIAL SENSE
3h
OpenAI’s o1 Model: A Quantum Leap in AI Intelligence – Insights from Dr Alan D. Thompson
OpenAI's newest AI model, o1, released on September 12, 2024, has shattered expectations and redefined the landscape of ...
1d
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
1d
OpenAI might raise the price of ChatGPT to $22 by 2025, $44 by 2029
ChatGPT could get more expensive to use in coming years. The New York Times, citing internal OpenAI docs, reports that OpenAI ...
1d
OpenAI’s $6.5B funding round may close as soon as next week
The WSJ reports that OpenAI's next funding round, worth around $6.5 billion, could close as soon as the first week in October ...
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