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OpenAI details plans to turn into a for-profit company
OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
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 announces plan to transform into a for-profit company
OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.
Elon Musk, AI
Elon Musk's xAI raises $6 billion from Nvidia, AMD, and others
In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593. Investors were only allowed to participate
Elon Musk's xAI raises $6B Series C funding to catch up with OpenAI and others
Elon Musk's AI startup, xAI, has successfully raised another $6 billion in Series C funding. This funding will be used to enhance their computing infrastructure and more.
Elon Musk’s Go-To Cost-Cutter Is Working for DOGE
From yogurt store operator to tunneling executive, longtime Musk employee Steve Davis is bringing his unusual talents to the government.
25m
on MSN
Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding ...
13h
on MSN
OpenAI may become a for-profit because it needs 'more capital than imagined'
OpenAI has revealed a plan to restructure its operations and more cleanly separate the for-profit and non-profit arms of its ...
1d
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...
3d
on MSN
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup ...
4d
on MSN
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
15h
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
16h
Sam Altman's OpenAI Plans Major Revamp Of Corporate Structure
OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...
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