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OpenAI lays out plan to shift to for-profit corporate structure

The Guardian LogoThe Guardian2d ago

OpenAI lays out plan to shift to for-profit corporate structure - The Guardian

Quick Summary:

AI company, which makes ChatGPT, says in blogpost we once again need to raise more capital than we’d imagined’OpenAI has 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.

Rumors have swirled that OpenAI was in the process of shifting to a largely for-profit company, but this is the first time it has detailed the proposal publicly.Continue reading...

OpenAI detailed its proposal in a blogpost.


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Article Details

Author / Journalist: Dara Kerr and agency

Category: Artificial-intelligenceTechnology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 18:50:28 (2 days ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 441 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Guardian

News ID: 24708730

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About The Guardian

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Main Topics: Artificial-intelligenceTechnology

Official Website: theguardian.com

Year Established: 1821

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #122

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  • URL: https://beamstart.com/news/openai-lays-out-plan-to-17353655581494

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