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OpenAI Plans Shift to For-Profit
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board of directors whose mission is to help humanity.
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 Discusses Giving Altman 7% Stake in For-Profit Shift
OpenAI is discussing giving Chief Executive Officer Sam Altman a 7% equity stake in the company and restructuring to become a for-profit business, people familiar with the matter said, a major shift that would mark the first time Altman is granted ownership in the artificial intelligence startup.
OpenAI Bids To Shift to For-Profit Company
OpenAI may transition from a nonprofit to a more conventional corporate structure, potentially becoming a public benefit corporation.
OpenAI to Become For-Profit Company
OpenAI is planning to convert from a nonprofit organization to a for-profit company at the same time it is undergoing major personnel shifts including the abrupt resignation Wednesday of its chief technology officer,
OpenAI weighing governance shift away from non-profit
OpenAI's board is continuing to consider restructuring the company in ways that might change its current control by a non-profit organization, but no final plan has been adopted, according to a source familiar with the matter.
OpenAI Plans Shift to For-Profit as CTO Murati Departs
OpenAI is reportedly considering restructuring into a for-profit business, while keeping its non-profit arm separate. The move, disclosed by an anonymous source, aims to simplify the company’s structure for investors and provide greater liquidity for employees.
OpenAI to remove non-profit control, give Altman equity stake: report
OpenAI, the generative artificial intelligence backed by Microsoft (NASDAQ:MSFT), is working on a plan to restructure itself and convert itself into a for-profit benefit corporation, Reuters reported.
11h
on MSN
Hurricane Helene Path Shift Could Cause 'Real Problem,' Meteorologist Warns
Helene strengthened to a Category 1 hurricane Wednesday morning and could cause major damage if it makes landfall in Tampa.
11h
Shift Robotics Launches Moonwalkers Aero Redefining the Pace of Life with Effortless Walking for a More Intentional, Meaningful Journey
Shift Robotics, the creators of the original Moonwalkers, announces the launch of Moonwalkers Aero, built for those who see ...
3h
Ogden’s plans to shift to downtown paid parking draw fire from merchants
While paid parking would first be implemented on Historic 25th Street, the Electric Alley parking area north of that and ...
MedPage Today
3h
40-Hour Hurricane Hospital Shift; Giardia's Marketing Strategy; Complaining for Good
What's it like to work in an emergency department during a Florida hurricane? Pediatric emergency physician @beachgem10 took ...
11m
Federal Health Agencies Must Take Stronger Role In U.S. Cannabis Policy Shift, New Report Says
A federal report calls for the CDC to lead cannabis health policy, as marijuana use grows in the U.S. and cannabis potency ...
8h
on MSN
Italy deputy PM would not like UniCredit to shift legal base to Germany in Commerzbank deal
Italian Deputy Prime Minister Matteo Salvini on Thursday said he would not want to see UniCredit shift its legal base to ...
WZDX
16m
Several school districts shift to eLearning for Friday, Sept. 27
MADISON COUNTY, Ala — Students who attend class at Madison County Schools, Huntsville City Schools and Jackson County Schools ...
1d
One day along the Texas-Mexico border shows that realities shift more rapidly than rhetoric
The Texas Tribune and The Associated Press spent 24 hours in five cities on Texas’ border with Mexico to measure the impact ...
2h
Boys & girls cross-country Fab 50, Sept. 26: Rankings shift as the season heats up
It’s once again time for new editions of the boys and girls Fab 50, which rank the 50 best runners in the Garden State. After ...
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