OpenAI reportedly looking to strip control from nonprofit board, go for-profit in restructuring
Artificial intelligence startup OpenAI is planning to pull control from its nonprofit board and go for-profit to attract more investors, according to a new report.
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity
Reuters reported that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation, moving away from control by its nonprofit board. The shift marks a dramatic change for the AI company behind ChatGPT,
OpenAI announces its shift to a for-profit corporation
ChatGPT-maker OpenAI will restructure into a for-profit benefit corporation that will no longer be controlled by its non-profit board.
OpenAI may restructure into a for-profit business as two top executives depart
CNBC's Kate Rooney joins 'Squawk on the Street' to report on OpenAI's new restructuring plan, several top executives departing the company, and more.
More OpenAI executives depart amid reports of for-profit restructuring
Two more OpenAI executives announced their departure from the artificial intelligence (AI) company Wednesday amid reports that the ChatGPT maker is considering restructuring into a for-profit business.
OpenAI’s restructuring will see it become a for-profit company
OpenAI is reportedly planning to scrap the nonprofit structure of its core business in favor of a for-profit model that will be more attractive to investors.The Latest Tech News, Delivered to Your Inb
OpenAI turmoil is a bad look for its huge funding round, VCs say. 'I would vote with my feet.'
OpenAI is on the verge of closing one of the biggest funding rounds in startup history, but can its lofty valuation survive ...
Only one person is left from this iconic photo of the OpenAI leadership team
Of the four OpenAI executives in the March 2023 photo featured above, two have left the company and one is on leave. CEO Sam ...
OpenAI’s VP of global affairs claims o1 is ‘virtually perfect’ at correcting bias, but the data doesn’t quite back that up
OpenAI VP of global affairs Anna Makanju suggests that 'reasoning' models like o1 can solve AI bias. But if that's true, ...
Top executives leave OpenAI amid for-profit push
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The ...
OpenAI Takes Its Mask Off
There’s a story about Sam Altman that has been repeated often enough to become Silicon Valley lore. In 2012, Paul Graham, a ...
OpenAI’s chief research officer has left following CTO Mira Murati’s exit
Matt Knight, formerly head of security, will be OpenAI’s chief information security officer. And chief product officer Kevin ...
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
OpenAI has 4 big challenges it needs to conquer in its quest for AI dominance
As OpenAI chases a massive fundraising round, the startup continues to deal with a staff exodus.