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OpenAI details plans to turn into a for-profit company
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 raise capital and stay ahead in the costly AI race against companies such as Google.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
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.
1h
on MSN
Google CEO Pichai tells employees to gear up for big 2025: 'The stakes are high'
In a meeting with employees, Google CEO Sundar Pichai set the stage for 2025, and the expected increase in competition, ...
8h
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...
7d
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, ...
9h
on MSN
ChatGPT isn't the only cool AI tool made by OpenAI — check out Sora, DALL-E, and more
OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and ...
7h
To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...
Interesting Engineering on MSN
6d
OpenAI unveils o3 reasoning AI model to tackle complex challenges, compete with Google
OpenAI has launched the test phase for its new reasoning AI models, o3 and o3 mini, aiming to advance problem-solving and ...
9d
Google's AI video generator blows OpenAI's Sora out of the water. YouTube may be a big reason.
Early testers are playing with Google's new Veo 2 and finding it bests OpenAI's Sora when it comes to accuracy.
7d
OpenAI Upgrades Its Smartest AI Model With Improved Reasoning Skills
A day after Google announced its first model capable of reasoning over problems, OpenAI has upped the stakes with an improved ...
2d
OpenAI Recap: o3 Model Wraps 12 Days of Announcements
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
Hosted on MSN
2d
Google Veo2 vs OpenAI Sora: AI models now create text-to-video clips, promise a new future
What is the future of video creation with AI tools like Veo2 and Sora generating high-quality, realistic videos? More ...
The Information
1d
Microsoft and OpenAI Wrangle Over Terms of Their Blockbuster Partnership
OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a ...
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