From non-profit roots to for-profit ambitions: the OpenAI saga

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Synopsis

OpenAI is set to become a public benefit corporation. Microsoft will hold a significant stake in this new structure. This move grants OpenAI more operational freedom. The company’s valuation has reached $500 billion. This development marks a major shift for the AI leader. It follows a series of significant events and partnerships.

Image for From non-profit roots to for-profit ambitions: the OpenAI sagaReuters
OpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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From non-profit roots to for-profit ambitions: the OpenAI saga


Synopsis

OpenAI is set to become a public benefit corporation. Microsoft will hold a significant stake in this new structure. This move grants OpenAI more operational freedom. The company’s valuation has reached $500 billion. This development marks a major shift for the AI leader. It follows a series of significant events and partnerships.

Image for From non-profit roots to for-profit ambitions: the OpenAI sagaReuters
OpenAI logo is seen in this illustration taken, March 11, 2024. REUTERS/Dado Ruvic/Illustration
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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