OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
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.
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
Under the proposed structure, the public benefit corporation (PBC) will run and control OpenAI's operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as health care,
OpenAI embraces for-profit model to chase AI dreams
Founded in 2015 as a research-focused non-profit, OpenAI has rapidly evolved into one of the world's most valuable startups.
OpenAI unveils for-profit plans
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OpenAI reveals how it will transform into a for-profit company
OpenAI is getting a corporate makeover. The ChatGPT maker revealed in a company blog post (via The New York Times) that it plans to undergo some changes at the structural level soon. Specifically, OpenAI will become a Public Benefit Corporation,
OpenAI announces plan to transform into a for-profit company
OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.
AI System Matches Humans on Test for 'General Intelligence'
A new artificial intelligence (AI) model has just achieved human-level results on a test designed to measure “general ...
Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...
What is Artificial General Intelligence? Can AI think like humans?
Having cracked the artificial intelligence puzzle, engineers have now set their sights on making computers think like us.
The Shocking Costs Behind OpenAI’s o3 AI Model – Is It Worth It?
OpenAI’s o3 sparks debate with its achievements in math and coding, raising questions about scalability, costs, and broader ...
Artificial Intelligence in 2030
At the DealBook Summit, ten experts in artificial intelligence discussed the greatest opportunities and risks posed by the ...
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it ...
New OpenAI o3 AI Model : A Giant Leap Toward Artificial General Intelligence (AGI)
OpenAI's o3 AI model achieves human-level intelligence in coding, math, and reasoning. Learn how it's shaping the future of ...
OpenAI and Microsoft have put a price tag on what it means to achieve AGI: report
The companies reportedly signed an agreement last year that defined AGI as a system that can generate $100 billion in profits ...