#openai-restructuring
#openai-restructuring
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Artificial intelligence
fromThe Verge
6 days agoOpenAI completed its for-profit restructuring - and struck a new deal with Microsoft
OpenAI completed a controversial restructuring creating OpenAI Group PBC while the OpenAI Foundation holds sizable equity and a $25B focus on healthcare and AI resilience.
Artificial intelligence
fromBusiness Insider
1 month agoAs its Microsoft nightmare nears an end, OpenAI's 'full stack' dream comes into view
OpenAI is restructuring to issue traditional equity and pursue a costly full-stack strategy—designing chips, building data centers, and creating AI applications to compete with Google.
fromBusiness Insider
1 month agoOpenAI just created one of the richest charities in the world
Its main nonprofit organization will control a new public benefit corporation that will house OpenAI's for-profit operations. The restructuring will make it easier for OpenAI to issue traditional equity to new investors, allowing the startup to raise the massive amount of money needed to pursue its ambitious plans. The OpenAI nonprofit doesn't just get control. It also gets an equity stake in the new business that is worth more than $100 billion, Taylor said.
Artificial intelligence
fromsfist.com
1 month agoOpenAI Rumored to Be Considering Move Out of California Due to Pushback Over Restructuring
As the Wall Street Journal reports today, via unnamed sources close to the company, OpenAI executives are reportedly discussing a "last-ditch" option to preserve their plans, which would be relocating out of the state of California. A spokesperson for the company quoted by the Journal denies that this is under consideration. But the paper's source suggest that executives have floated the idea of a move out of state if things get worse with the AG's investigation.
Artificial intelligence
Artificial intelligence
fromTheregister
1 month agoOpenAI reorg at risk as Attorneys General push AI safety
California and Delaware attorneys general demanded OpenAI implement child safety measures after a chatbot-linked youth suicide and scrutinized a restructuring that could deprioritize public interest.
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