OpenAI announced last week it would be restructuring as a for-profit company.AnadoluOpenAI is transitioning to a for-profit company so it can raise billions more in funding.The company has operated under a nonprofit board since its launch, adding a for-profit arm in 2019.It'll need to take several steps as part of this change.OpenAI took the tech world by surprise — again — when it announced last week that it was changing its governance structure and going all-in on profit for social good.Since its launch in 2015, OpenAI has operated under the supervision of a nonprofit board, with a mission to develop artificial general intelligence that is safe and benefits humanity.

BING NEWS:
  • OpenAI has 2 years to transition to a for-profit company. Here are 6 key things it will need to do in that time.
    Billions of dollars hinges on OpenAI transitioning to a for-profit company in under two years. The process won't be easy.
    09/29/2024 - 11:34 am | View Link
  • Sam Altman tells OpenAI staff there's no plan for him to receive 'giant equity stake' in company
    At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a ...
    09/27/2024 - 11:56 am | View Link
  • Is OpenAI Shifting It’s Focus To Profits?
    When a company transitions from purpose to profit, people and planet-oriented priorities tend to fall short. Does it have to be that way?
    09/27/2024 - 8:46 am | View Link
  • OpenAI execs desperately trying to reassure staff after departure of key leadership figures
    The sudden departure of Chief Technology Officer Mira Murati left many staff members unsettled, especially as it coincided with swirling rumours about OpenAI’s possible shift towards becoming a for-pr ...
    09/26/2024 - 10:31 pm | View Link
  • Turning OpenAI Into a Real Business Is Tearing It Apart
    Executives and researchers have left the artificial-intelligence company this year amid disputes over the its values and fights among its leaders.
    09/26/2024 - 7:27 pm | View Link
  • More

 

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