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

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 …

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. ...

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 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. ...

Will OpenAI be restructured?

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 offices in San Francisco. The company’s leaders have been privately discussing a change in its corporate structure for several months. Jason Henry for The New York Times ...

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. ...

Is OpenAI a good startup?

OpenAI, among the world’s most valuable startups, started in 2015 as a research-focused non-profit but has since been looking to make structural changes to attract ever more investment to fund its expensive pursuit of artificial general intelligence (AGI), or AI that surpasses human intelligence. ...