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OpenAI nonprofit will retain control of $300 billion company

OpenAI Backtracks, Says Nonprofit Will Retain Control: How Did Musk & Microsoft Respond?

OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and state officials.

Mashable on MSN · 1d

Sam Altman: OpenAI nonprofit will retain control of the $300 billion company

OpenAI CEO Sam Altman made the unicorn of unicorns. In just 10 years, he created a company valued at $300 billion, and in the process, delivered a new technology with potentially world-changing implications.

Gizmodo · 1d

Elon Musk Gets His Wish: OpenAI Will Remain a Nonprofit

The desire to ditch its nonprofit structure stems primarily from one thing: money. Being organized as a nonprofit means that OpenAI isn’t driven by providing a return on investment for shareholders (at least in theory),

OpenAI, Sam Altman

New York Post on MSN · 1d

Sam Altman’s OpenAI ditches plan to become for-profit company after fierce pushback

OpenAI is ditching a controversial plan to become a for-profit company, CEO Sam Altman revealed on Monday – a surprise move that came after the artificial-intelligence juggernaut faced fierce pushback from ex-employees,

The Verge · 1d

OpenAI abandons plan to become a for-profit company

OpenAI has been working for months to no longer be controlled by a nonprofit. It’s now giving up. In a company blog post published on Monday, nonprofit board chairman Bret Taylor said that OpenAI is abandoning its plan to become controlled by a for-profit after “hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California.

Axios on MSN · 1d

OpenAI will remain a non-profit, Altman says

OpenAI and its technology will remain in the control of a non-profit organization, according to a letter to employees from Sam Altman on Monday. The big picture: OpenAI began as a non-profit, but Altman has been considering changing the structure of OpenAI since shortly after his brief ouster in November 2023 and the cost of building and maintaining ChatGPT has skyrocketed.

1don MSN

Sam Altman hands Elon Musk a win, scrapping OpenAI’s for-profit plan

ChatGPT maker OpenAI said it will no longer seek to restructure into a for-profit company separate from its nonprofit board, ...

8don MSN

Altman and Nadella, Who Ignited the Modern AI Boom Together, Are Drifting Apart

The OpenAI and Microsoft CEOs helped each other become power players in generative AI but are now preparing for independent ...

18hon MSN

OpenAI Drops For-Profit Move. What It Means for Microsoft Stock.

OpenAI has abandoned a plan to put its artificial-intelligence business under the control of a for-profit entity—a shift that ...

18hon MSN

OpenAI Ditches For-Profit Ambitions After Elon Musk Rips Sam Altman Over Plan

OpenAI, the parent company of ChatGPT, has ditched its push to become a for-profit company — a plan that had pitted CEO Sam ...

1hon MSN

OpenAI to cut Microsoft's revenue amid strategic restructuring shift: Report

According to a report, OpenAI has informed investors that it will cut Microsoft's revenue share from 20% to around 10% by the ...

1don MSN

'We want to build a brain for the world' – Sam Altman makes a crucial decision about the future of OpenAI, and it may determine the future of ChatGPT and AGI

OpenAI will transition to running under the oversight of a non-profit, and its profit side is to become a Public Benefit ...

18h

Microsoft-Backed OpenAI To Snap Windsurf For $3 Billion To Strengthen AI Coding Power: Report

OpenAI to buy Windsurf for $3 billion, could help MSFT-backed OpenAI compete in AI-driven coding market. Stays nonprofit ...

Axios on MSN23h

OpenAI's for-profit switcheroo leaves Sam Altman hanging

The latest plot twist in OpenAI's epic corporate drama leaves Sam Altman only part way toward his goal, announced last year, ...

31mon MSN

OpenAI To Cut Microsoft’s Revenue Stake To 10 Pct By 2030: What's Going On?

OpenAI plans to reduce its revenue share with Microsoft to 10 per cent by 2030, signalling evolving dynamics in their ...

5don MSN

Sam Altman shares Ghibli photo with Satya Nadella, Microsoft CEO responds

OpenAI CEO Sam Altman shared a Ghibli-style photo with Microsoft CEO Satya Nadella, sparking interest amid reports of growing ...

Wanna scan your iris for crypto? Sam Altman’s orb comes to U.S.

OpenAI chief Sam Altman launched his World crypto project in 2023, and now it’s coming to the U.S. in a big way.

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