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OpenAI outlines for-profit plan for 2025 and seeks additional capital

nypost.com — December 27, 2024 at 06:01 PM UTC

OpenAI plans to transition its for-profit arm into a Delaware public benefit corporation in 2025. The company stated it needs more capital than expected to attract investment for its goal of developing advanced artificial intelligence. The new structure will allow OpenAI to operate commercially while also pursuing charitable initiatives in healthcare, education, and science. This change aligns OpenAI with competitors like Anthropic and xAI, which have also raised significant funding. OpenAI faces challenges, including a lawsuit from co-founder Elon Musk, who opposes the for-profit conversion. The company has also experienced internal issues, with several key executives leaving amid concerns over its direction and safety practices.

With a significance score of 4, this news ranks in the top 10% of today's 17973 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