OpenAI planning to become for-profit company, say reports

Quick Summary:

Reported move follows recent departure of senior figures from ChatGPT developerOpenAI is reportedly pushing ahead with plans to become a for-profit company, after more senior figures left the ChatGPT developer following the surprise exit of its chief technology officer, Mira Murati.

The San Francisco-based startup is preparing to change its corporate structure as it seeks $6.5bn (£4.9bn) in new funding, according to reports.Continue reading...

The nonprofit entity, and Sam Altman, OpenAI’s chief executive, will hold a stake in the for-profit business, Reuters reported.

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Article Details

Author / Journalist: Dan Milmo Global technology editor

Category: Artificial-intelligenceTechnology

Markets: United KingdomSwitzerland

Topics: Computing Artificial intelligence (AI) Sam Altman OpenAI Technology ChatGPT US news World news Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 16:45:34 (2 days ago)

News Timezone: GMT +8:00

News Source URL: theguardian.com

Language: English

Article Length: 1731 words

Reading Time: 10 minutes read

Sentences: 31 lines

Sentence Length: 56 words per sentence (average)

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

Copyright Owner: © The Guardian

News ID: 22763205

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About The Guardian

Main Topics: Artificial-intelligenceTechnology

Official Website: theguardian.com

Year Established: 1821

Headquarters: United Kingdom

News Last Updated: 1 days ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +8:00

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Publisher ID: #122

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