OpenAI has 2 years to transition to a for-profit company. Here are 6 key things it will need to do in that time.
Billions of dollars hinges on OpenAI transitioning to a for-profit company in under two years. The process won't be easy.
OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
OpenAI reportedly looking to strip control from nonprofit board, go for-profit in restructuring
Artificial intelligence startup OpenAI is planning to pull control from its nonprofit board and go for-profit to attract more investors, according to a new report.
Shift toward for-profit structure puts OpenAI's corporate soul at risk
OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.
OpenAI looks to convert from nonprofit roots and become for-profit company
OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the company looks to more fully convert itself into a for-profit corporation.
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OpenAI May Turn Into a Public Benefit Company: What Does That Mean?
OpenAI’s managers are weighing whether to turn the fast-growing artificial intelligence pioneer into a public benefit ...
Sam Altman is leaving a key OpenAI board. His departure should satisfy some big critics.
OpenAI just announced the members of its revamped Safety and Security Committee. CEO Sam Altman is no longer on the list.
OpenAI announces new independent board oversight committee focused on safety
OpenAI said its Safety and Security Committee will now become an independent board oversight committee. The company said the ...
OpenAI was a research lab — now it’s just another tech company
OpenAI may soon become a for-profit company with fewer checks and balances than before — the exact structure it was built to ...
All the top OpenAI figures who have left since the 2023 attempt to oust CEO Sam Altman
From Ilya Sutskever to Mira Murati, OpenAI has seen top talent depart the company over the last 10 months.
OpenAI’s Sam Altman calls report of 7% equity stake ‘ludicrous’
The OpenAI boss reportedly added that investors were pushing for him to receive equity to ensure his interests remain aligned ...
New report details OpenAI's plan to switch to for-profit mode
Reuters reported that the artificial intelligence research company is restructuring its business from a non-profit board into ...
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OpenAI Reveals New Independent Board Oversight Committee
OpenAI on Monday said its Safety and Security Committee, which the company introduced in May as it dealt with controversy ...
OpenAI pushes limits of tech pivoting
In classic tales of science fiction, rapid technological advancements herald immense potential, while nervous inventors argue ...
OpenAI funding and restructuring plans renew pressure on AI’s top startup
The ChatGPT maker is raising funding that would value the company at $150 billion but also dealing with executive exits and ...