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OpenAI confirms plans to become a for-profit company
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI lays out its for-profit transition plans
One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his own AI company, xAI, of capital by extracting promises from investors not to fund it.
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would receive shares in the new company.
Thousands report outage with OpenAI chatbot and Sora
ChatGPT isn't the only cool AI tool made by OpenAI — check out Sora, DALL-E, and more
OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and translates speech into text.
ChatGPT down: Thousands report outage with OpenAI chatbot and Sora
OpenAI’s much-used ChatGPT artificial intelligence chatbot is down, with scores of social media users reporting complaints. Others noted issues with OpenAI’s Sora video-generation model. “We are currently experiencing an issue with high error rates on ChatGPT,
ChatGPT 'recovering' after major OpenAI outage
OpenAI is experiencing an outage Thursday, causing many users to error out when using ChatGPT or the company's API. The tech company says the outage is caused by an “upstream provider” issue. The outage began around 2 p.
4h
on MSN
Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...
11h
OpenAI whistleblower's mother wants suicide death investigation reopened
OpenAI whistleblower Suchir Balaji's death was ruled a suicide — but his family is calling on police to reopen their ...
6h
on MSN
OpenAI beefs up Washington presence with a pitch for energy and security
The AI industry wants Trump’s Washington to embrace it as a bulwark against China. OpenAI is trying to lead the pack.
10h
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it ...
1d
Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a ...
1h
Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow
Abundant investment and an open-source approach have pushed China to the AI forefront, but a lack of advanced chips may prove ...
19m
on MSN
Google CEO Pichai tells employees to gear up for big 2025: 'The stakes are high'
In a meeting with employees, Google CEO Sundar Pichai set the stage for 2025, and the expected increase in competition, ...
10h
OpenAI pivots to for-profit model to secure massive AI funding
OpenAI’s $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital.
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