OpenAI outlines new for-profit structure in bid to stay ahead in …

OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race ... is that the for-profit side of OpenAI 'will run and control OpenAI's operations and business,'" DA Davidson & Co ...

FAQs about OpenAI outlines new for-profit structure in bid to stay ahead in … Coupon?

Is OpenAI a nonprofit?

OpenAI started in 2015 as a research-focused nonprofit but created a for-profit unit four years later to secure funding for the high costs of AI development. Its unusual structure gave control of the for-profit unit to the nonprofit and was in focus last year when Sam Altman was fired as CEO only to return days later after employees rebelled. ...

Will OpenAI become a for-profit company?

OpenAI’s competitors, including Anthropic and Elon Musk’s xAI, also operate as PBCs. Rumors about OpenAI’s transition into a for-profit company have been swirling for months as the company looks for ways to appeal to investors and raise money to keep its data-hungry AI models up and running. ...

What is OpenAI & how does it work?

OpenAI started in 2015 as a research-focused non-profit but created a for-profit unit four years later to secure funding for the high costs of AI development. ...

Will OpenAI restructure its structure?

By Aditya Soni, Arsheeya Bajwa, Krystal Hu (Reuters) -OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent. ...

Will OpenAI become a public benefit corporation?

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent. ...

Will OpenAI continue pursuing its mission?

"The hundreds of billions of dollars that major companies are now investing into AI development show what it will really take for OpenAI to continue pursuing the mission." Its plans to create a PBC would align the startup with rivals such as Anthropic and the Musk-owned xAI, which use a similar structure and recently raised billions in funding. ...