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’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 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 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 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 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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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 ...
Why Does OpenAI Need So Much Money?
Building a chatbot like ChatGPT requires billions upon billions of dollars. That’s the driving force behind OpenAI’s plans to ...
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.
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, ...
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Trump's tech policy plans could reshape app landscape
His inaugural fund has received million-dollar donations from Mark Zuckerberg's Meta, Jeff Bezos' Amazon, and OpenAI CEO Sam Altman. Elon Musk of X has even referred to himself as Trump's "first ...
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 ...
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.
As tech firms look to translate the promise of AI in 2025, 3 clear templates emerge
Google too has a pitch in this segment, with the promise to launch Gemini 2.0, its most capable model that it says is built ...