OpenAI confirms plans to become 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 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.
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 plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
OpenAI Says It Needs More Money as It Plans to Go For-Profit
OpenAI is making a big change to fund its future. By 2025, it plans to become a Public Benefit Corporation, combining for-profit operations with a nonprofit arm focused on education, healthcare, and science.
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
At issue were the implications such a move might have on whether OpenAI would allocate its assets to the nonprofit arm fairly ...
OpenAI is done with Shipmas and staring down daunting challenges for 2025
Most notably, there’s co-founder Elon Musk, who now runs rival startup xAI, and is in the midst of a heated legal battle with ...
Hundreds of OpenAI’s current and ex-employees are about to get a huge payday by cashing out up to $10 million each in a private stock sale
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the ...
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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 ...
Meta, Amazon and tech CEOs make $1 million investments in Trump's inauguration
Mark Zuckerberg's Meta, the parent company of Facebook and Instagram, also plans to send $1 million to Trump's inaugural fund ...
Why Does OpenAI Need So Much Money?
Building a chatbot like ChatGPT requires billions upon billions of dollars. That’s the driving force behind OpenAI’s plans to ...
OpenAI’s Bold Move: New For-Profit Transformation Set for 2025
ChatGPT creator OpenAI plans to restructure into a for-profit organization, according to a blog post the company published on Thursday outlining the transition ...
Weekly Tech Recap: OpenAI unveils o3 and o3 mini model, Amazon cracks down on password sharing and more
This week highlights OpenAI unveiling its o3 models, Amazon’s new password sharing policies, rumors of the iPhone SE 4 being ...
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OpenAI announces o3 and o3 mini reasoning models
OpenAI just announced o3 and o3 mini, its next-gen reasoning models.
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.