OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization would receive shares in the new company.
OpenAI’s Bold Move: New For-Profit Transformation Set for 2025
ChatGPT creator OpenAI plans to restructure into a for-profit organization, according to a blog post the company published on Thursday outlining the transition
OpenAI to maintain charitable branch after shifting to for-profit
OpenAI has revealed its plan to transform into a for-profit organization next year. It will maintain a nonprofit charitable branch.
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 lays out plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
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.
OpenAI announces official plans to change into a for-profit company
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OpenAI reveals plans to transition into a ‘for-profit company’
OpenAI was founded as a non-profit in 2015 and has since switched to a "capped" for-profit enterprise allowing for a limited level of money making.
Hundreds of OpenAI’s current and ex-employees are about to get a huge payday by cashing out up to $10 million each in a private stock sale
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the ...
OpenAI is done with Shipmas and staring down daunting challenges for 2025
Most notably, there’s co-founder Elon Musk, who now runs rival startup xAI, and is in the midst of a heated legal battle with ...
Meta, Amazon and tech CEOs make $1 million investments in Trump's inauguration
Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, also plans to send $1 million to Trump's inaugural fund ...
OpenAI beefs up Washington presence with a pitch for energy and security
The AI industry wants Trump’s Washington to embrace it as a bulwark against China. OpenAI is trying to lead the pack.
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The internet is rife with fake reviews. Will AI make it worse?
But AI-infused text generation tools, popularized by OpenAI’s ChatGPT ... certainty that some AI-generated appraisals posted on Amazon bubbled up to the top of review search results because ...
Weekly Tech Recap: OpenAI unveils o3 and o3 mini model, Amazon cracks down on password sharing and more
This week highlights OpenAI unveiling its o3 models, Amazon’s new password sharing policies, rumors of the iPhone SE 4 being ...
The AI war between Google and OpenAI has never been more heated
Over the past month, we've seen a rapid cadence of notable AI-related announcements and releases from both Google and OpenAI, ...
ChatGPT Is Available for Phone Calls and Texts: OpenAI’s New Feature
For users in the United States, ChatGPT is available for phone calls and texts through the 1-800-CHATGPT service. OpenAI has ...
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OpenAI announces o3 and o3 mini reasoning models
OpenAI just announced o3 and o3 mini, its next-gen reasoning models.
Cathie Wood Says Software Is the Next Big AI Opportunity -- 2 Super Stocks You'll Wish You'd Bought if She's Right
Cathie Wood is the founder of Ark Investment Management, which operates several tech-focused exchange-traded funds. Wood ...