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OpenAI announces new for-profit structure to boost investment in AI development

thehindu.com — December 28, 2024 at 06:01 AM UTC

OpenAI announced plans to change its structure by creating a public benefit corporation (PBC) to attract more investment. This new structure will allow the for-profit arm to operate with fewer restrictions from its nonprofit parent. The nonprofit will retain a significant interest in the PBC through shares. OpenAI aims to raise more capital to compete in the costly AI development race, following a recent $6.6 billion funding round. Challenges remain, as co-founder Elon Musk is suing OpenAI, claiming it prioritized profits over public good. Additionally, Meta Platforms is reportedly urging California's attorney general to block OpenAI's transition to a for-profit model.

With a significance score of 5.3, this news ranks in the top 1% of today's 18017 analyzed articles.

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Timeline:

[4.5]

OpenAI announces new for-profit structure to enhance funding for AI development (brecorder.com)

74d 10h

[5.0]

OpenAI plans transition to Public Benefit Corporation to boost funding for AI development (businesstoday.in)

76d 4h

[4.1]

OpenAI plans transition to public benefit corporation to attract investment and support charity (ndtv.com)

76d 5h

[5.3]

OpenAI announces new for-profit structure to boost investment in AI development (thehindu.com)

76d 10h

[4.3]

OpenAI plans transition to public benefit corporation to attract investors (scmp.com)

76d 11h

[4.4]

OpenAI plans transition to public benefit corporation to boost investment and social goals (sg.news.yahoo.com)

76d 18h

[5.1]

OpenAI plans shift to for-profit structure in 2025 to attract investment (theguardian.com)

76d 19h

[4.6]

OpenAI plans transition to public benefit corporation to attract investment (hindustantimes.com)

76d 22h

[4.6]

OpenAI plans transition to for-profit public benefit corporation (thepeninsulaqatar.com)

76d 22h

[4.0]

OpenAI outlines for-profit plan for 2025 and seeks additional capital (nypost.com)

76d 22h

[4.6]

OpenAI transitions to for-profit model to enhance funding and stakeholder alignment (gizmodo.com)

76d 23h

[5.2]

OpenAI plans to become a Public Benefit Corporation in 2025 (engadget.com)

76d 23h

[4.5]

OpenAI announces transition to Public Benefit Corporation to enhance funding and operations (sea.mashable.com)

76d 23h

[5.1]

OpenAI announces plans to transition to a public benefit corporation (techcrunch.com)

77d 0h

[5.1]

OpenAI plans transition to for-profit model by 2025 (theverge.com)

77d 0h

[4.6]

OpenAI plans restructuring to separate for-profit and non-profit operations to raise more capital (qz.com)

77d 0h

[4.5]

OpenAI details for-profit transition plans as Microsoft negotiations continue and Musk files lawsuit (investors.com)

77d 0h

[4.8]

OpenAI plans shift to public benefit corporation to attract investment (sg.news.yahoo.com)

77d 1h

[4.5]

OpenAI explores transition to public benefit corporation to attract investors (livemint.com)

77d 1h

[5.3]

OpenAI plans shift to public benefit corporation to attract investment (reuters.com)

77d 1h

[5.1]

OpenAI plans for-profit transition to attract more capital by 2025 (cnbc.com)

77d 2h

[4.5]

OpenAI plans transition to for-profit structure to enhance sustainability (businessinsider.com)

77d 2h