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OpenAI plans transition to for-profit model by 2025

theverge.com — December 27, 2024 at 04:01 PM UTC

OpenAI has announced plans to become a for-profit company, transitioning to a Public Benefit Corporation (PBC) by 2025. This new structure will give control to the for-profit arm, while the nonprofit will operate separately and focus on charitable initiatives. The nonprofit will retain a stake in the business but will lose its oversight role. OpenAI aims to raise capital to support its development of artificial general intelligence, responding to investor interest and competition from other PBCs in the AI sector. Speculation about this shift has been ongoing, as OpenAI seeks funding to maintain its AI models. The board noted that significant investments in AI development are necessary for the company's future.

With a significance score of 5.1, this news ranks in the top 2% 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 9h

[5.0]

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

76d 3h

[4.1]

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

76d 4h

[5.3]

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

76d 9h

[4.3]

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

76d 10h

[4.4]

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

76d 17h

[5.1]

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

76d 18h

[4.6]

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

76d 21h

[4.6]

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

76d 21h

[4.0]

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

76d 21h

[4.6]

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

76d 22h

[5.2]

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

76d 22h

[4.5]

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

76d 22h

[5.1]

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

76d 23h

[5.1]

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

76d 23h

[4.6]

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

76d 23h

[4.5]

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

76d 23h

[4.8]

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

77d 0h

[4.5]

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

77d 0h

[5.3]

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

77d 0h

[5.1]

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

77d 1h

[4.5]

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

77d 1h