OpenAI weighs changes to corporate structure: Exploring a non …

Dec 27, 2024 · In a blog post, OpenAI said the company’s Board of Directors is reassessing its corporate structure to ensure it remains aligned with its mission to make artificial general …

$157
OFF

OpenAI Details Plans For Becoming A For-Profit Company

2 weeks from now

Dec 27, 2024 · OpenAI’s latest funding round valued the company at $157 billion. OpenAI set off the generative A.I. boom in late 2022 with the release of its online chatbot, ChatGPT, which …

nytimes.com

$5
OFF

OpenAI Lays Out Its For-profit Transition Plans | TechCrunch

2 weeks from now

Dec 27, 2024 · The company still expects to lose money this year, however — $5 billion, according to CNBC — and the terms of its latest funding round require that it complete a for …

techcrunch.com

$6
OFF

OpenAI Plans Corporate Restructure To Attract Investment For AI …

2 weeks from now

Dec 30, 2024 · The company recently raised $6.6bn at a $157bn valuation, which, according to Reuters, was contingent on changing its corporate structure and removing profit caps for …

yahoo.com

$150
OFF

OpenAI's $150 Billion Valuation Hinges On Upending Corporate …

2 weeks from now

Sep 14, 2024 · OpenAI is set to raise $6.5 billion through convertible notes, contingent on restructuring its corporate structure and removing a profit cap for investors. The funding round, …

indiatimes.com

$6
OFF

OpenAI Lays Out Plan To Shift To New For-profit Structure

2 weeks from now

Dec 27, 2024 · Its latest $6.6 billion funding round at a valuation of $157 billion was contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for …

wallstwarrior.com

$5
OFF

OpenAI Shifts To For-profit Corporate Structure Amid $5 Billion …

2 weeks from now

Dec 28, 2024 · This new setup will turn OpenAI’s for-profit branch into a PBC with regular equity shares, scrapping the old rule that capped investor profits at 100 times their initial investment.

notebookcheck.net

$150
OFF

OpenAI Transitioning To For-profit Structure: What It Means For …

2 weeks from now

Sep 15, 2024 · OpenAI is preparing for a new funding round in the form of convertible notes, with its $150 billion valuation dependent on whether it can overhaul its corporate structure and …

newsbytesapp.com

FAQs about OpenAI weighs changes to corporate structure: Exploring a non … Coupon?

Does OpenAI have a corporate structure?

OpenAI says its corporate structure must evolve to advance its mission of ensuring artificial general intelligence (AGI) — AI that can complete most tasks humans can — benefits all humanity. The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. ...

Will OpenAI shift to a for-profit structure?

The intrigue: OpenAI is planning to shift to a for-profit structure and investors can ask for their money back if it hasn't completed those changes in two years, Axios has learned. ...

How much is OpenAI worth?

OpenAI’s latest funding round valued the company at $157 billion. OpenAI set off the generative A.I. boom in late 2022 with the release of its online chatbot, ChatGPT, which can answer questions in a near humanlike manner. In the months that followed, start-ups and tech giants like Google, Meta and Amazon raced to build similar technologies. ...

Is OpenAI governed by a nonprofit board?

Its current for-profit arm has been governed by a nonprofit board. OpenAI said its existing for-profit arm would become a public benefit corporation with ordinary shares of stock. OpenAI has detailed its plans for a new corporate structure that would separate its business from being controlled by its nonprofit board. ...

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 become a for-profit company in 2025?

"As we enter 2025, we will have to become more than a lab and a startup — we have to become an enduring company," it added. In September, OpenAI confirmed that it would convert to a for-profit structure. ...