News list for " for-profit"
OpenAI: Plans are underway to transform an existing for-profit organization into a Delaware nonprofit, and the board is evaluating the corporate structure to select a nonprofit or for-profit structure. A nonprofit corporation (PBC) will be responsible for operating and controlling OpenAI's business operations, while a nonprofit corporation (PBC) will allow us to raise the necessary funds on regular terms, like other companies in the space. Nonprofits, on the other hand, will hire leadership team...
1. OpenAI plans to transform into a for-profit company, and Microsoft becomes a key player. 2. Research shows that the ChatGPT search function has the risk of being manipulated: it can be induced by malicious websites to output untrustworthy content. 3. Microsoft and OpenAI's AI money game: the general artificial intelligence price tag is 100 billion US dollars. 4. The National and Local Innovation Center for Embodied Intelligent Machines and the School of Computer Science of Peking University j...
On September 26th, according to sources, OpenAI is working on a plan to restructure its core business into a for-profit company, no longer controlled by its non-profit board. The non-profit company will continue to exist and own a minority stake in the for-profit company. Sam Altman will acquire an equity stake in the for-profit company for the first time. The company could be worth $150 billion after the reorganization.
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