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OpenAI details plans to turn into a for-profit company
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.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
OpenAI announces plan to transform into a for-profit company
OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.
8d
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, ...
10d
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.
14h
on MSN
Yearender 2024: From OpenAI's Sora to Google's Veo, 5 breakthroughs that made headlines in AI innovation
While devices like Apple Vision Pro and Meta Quest Pro garnered attention, it was the evolution of AI that truly defined the ...
9d
Not to be outdone by OpenAI, Google releases its own “reasoning” AI model
It's been a really busy month for Google as it apparently endeavors to outshine OpenAI with a blitz of AI releases. On ...
12d
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 ...
Hosted on MSN
3d
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 ...
1d
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 ...
12d
Google Debuts AI Video Tool As OpenAI Resumes Sign-Ups For Rival Sora
Google announces Veo 2, a generative AI video competitor to Open AI's Sora. Meanwhile, account creation for Sora is back ...
1d
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...
3d
OpenAI Recap: o3 Model Wraps 12 Days of Announcements
See all the announcements from OpenAI’s 12-day extravaganza, including new integrations for developers and an opportunity to ...
The Information
2d
Microsoft and OpenAI Wrangle Over Terms of Their Blockbuster Partnership
OpenAI CEO Sam Altman wants to convert the artificial intelligence developer, which is governed by a nonprofit, into a ...
1d
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, ...
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