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 lays out its for-profit transition plans
One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.
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 confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI outlines its plans to become a for-profit company
ChatGPT-maker OpenAI laid out plans for a new corporate structure shifting away from control by a non-profit – an issue of contention for the AI trailblazer.
Why Elon Musk and OpenAI’s Sam Altman Are Fighting—and How It Could Help Google
Once friends and business partners, now rivals, Elon Musk and Sam Altman are dueling it out in a California Federal courtroom ...
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup ...
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...
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 ...
XAI Valuation Reaches Over $40 Billion After $6 Billion Funding Round
The AI firm has dedicated at least $12 billion this year into its Grok AI model and its “Colossus” supercomputer located in ...
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OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
OpenAI has outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to ...
Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
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OpenAI admits it needs more cash for its for-profit vision
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to ...