19Negative
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- Last Updated
- 4 days ago
- Bias Distribution
- 100% Center
OpenAI CEO Sam Altman announced plans to transition the company from its complex non-profit structure to a more traditional for-profit model, expected to be finalized next year. This decision comes as the organization has struggled to scale its funding through donations alone, leading to significant investments from external entities like Microsoft. Altman described the current structure, with a non-profit overseeing a for-profit arm, as 'unusual' and acknowledged that it has hindered investor returns due to profit caps. Although specific details on the new structure remain unclear, OpenAI emphasized that its commitment to building AI that benefits everyone will continue alongside the non-profit's existence. The impending restructuring is also linked to ongoing efforts to raise substantial funding at a high valuation, indicating strong investor interest in the company's future.
- Total News Sources
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- 1
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- 0
- Unrated
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- Last Updated
- 4 days ago
- Bias Distribution
- 100% Center
19Negative
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