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OpenAI to seek capital
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.
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 drive societal impact in the fast-evolving AI sector. OpenAI Embraces Public Benefit
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
Market watchers have said an initial public offering from OpenAI seems unlikely in 2025 given that it’s been able to raise billions of dollars in backing in private markets, inc
Microsoft and OpenAI have a financial definition of AGI
OpenAI's o3 isn't AGI yet but it just did something no other AI has done
To demonstrate we are still not at human-level intelligence, Chollet notes some of the simple problems in ARC-AGI that o3 can't solve. One such problem involves simply moving a colored square by a given amount -- a pattern that quickly becomes clear to a human.
Leaked Documents Show OpenAI Has a Very Clear Definition of ‘AGI’
But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a strange contractual agreement that the startup would stop allowing Microsoft to use any new technology it develops after AGI is achieved.
Microsoft and OpenAI have a financial definition of AGI: report
Microsoft and OpenAI have a very specific, internal definition of artificial general intelligence (AGI) based on the startup’s profits, according to a new report from The Information. And by this definition,
OpenAI outlines new for-profit structure
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 reveals new details about its plan to convert to a for-profit structure: 'We have to become an enduring company'
OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."
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.
16m
on MSN
Google CEO Pichai tells employees to gear up for big 2025: 'The stakes are high'
In a meeting with employees, Google CEO Sundar Pichai set the stage for 2025, and the expected increase in competition, ...
7d
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, ...
8h
on MSN
ChatGPT isn't the only cool AI tool made by OpenAI — check out Sora, DALL-E, and more
OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and ...
6h
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 ...
7d
OpenAI Upgrades Its Smartest AI Model With Improved Reasoning Skills
A day after Google announced its first model capable of reasoning over problems, OpenAI has upped the stakes with an improved ...
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.
Hosted on MSN
2d
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 ...
11d
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 ...
1h
Tech war in 2024: China catches up fast in AI race, but US chip curbs cast shadow
Abundant investment and an open-source approach have pushed China to the AI forefront, but a lack of advanced chips may prove ...
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