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OpenAI Plans Transition to Public Benefit Corporation
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.
OpenAI's for-profit plan includes a public benefit corporation
The move] would enable us to raise the necessary capital with conventional terms like others in this space.” As part of the transformation, OpenAI’s nonprofit division would retain a stake in the for-profit unit in the form of shares “at a fair valuation determined by independent financial advisors,
OpenAI lays out its for-profit transition plans
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. OpenAI currently has a for-profit org controlled by a nonprofit,
3h
on MSN
Yearender 2024: From OpenAI's Sora to Google's Veo, 5 breakthroughs that made headlines in AI innovation
The year 2024 saw major AI innovations, including OpenAI's Sora Turbo for video creation, Google's upgraded Veo 2 and Imagen ...
8d
The AI war between Google and OpenAI has never been more heated
Over the past month, we've seen a rapid cadence of notable AI-related announcements and releases from both Google and OpenAI, ...
21h
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...
9d
Google's AI video generator blows OpenAI's Sora out of the water. YouTube may be a big reason.
Early testers are playing with Google's new Veo 2 and finding it bests OpenAI's Sora when it comes to accuracy.
20h
To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...
2d
OpenAI Recap: o3 Model Wraps 12 Days of Announcements
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
EconoTimes
17h
What OpenAI’s Public Benefit Shift Means for the Future of AI
OpenAIs decision to adopt a public benefit corporation model reflects its effort to align profit-making with its mission to ...
12d
Google And OpenAI CEOs Offer Different 2025 Generative AI Forecasts
Google CEO Sundar Pichai sees a slowdown while OpenAI CEO Sam Altman envisions acceleration to generative artificial ...
Hosted on MSN
3d
Google Veo2 vs OpenAI Sora: AI models now create text-to-video clips, promise a new future
What is the future of video creation with AI tools like Veo2 and Sora generating high-quality, realistic videos? More ...
The Information
1d
Microsoft and OpenAI Wrangle Over Terms of Their Blockbuster Partnership
OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a ...
18h
on MSN
Why DeepSeek’s new AI model thinks it’s ChatGPT
Posts on X — and TechCrunch’s own tests — show that DeepSeek V3 identifies itself as ChatGPT, OpenAI’s AI-powered chatbot ...
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