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Sam Altman is returning as OpenAI’s CEO, ending a days-long power struggle that began with his firing late Friday afternoon.The AI developer behind ChatGPT also has a new board, including former ...
For OpenAI, part of becoming an enduring company is satisfying its seemingly insatiable appetite for money. Despite having recently raised $6.6 billion, the largest venture capital round in ...
OpenAI and its biggest backer, Microsoft, are discussing how to divide up the spoils of the AI upstart when it becomes a for-profit company, but agreeing on a fair market value for those assets ...
Yet OpenAI expects to see extraordinary growth, with its top line ballooning to $11.6 billion next year, according to internal company estimates reported by the New York Times.
OpenAI shared new details about its plan to overhaul its company structure. Its current for-profit arm has been governed by a nonprofit board. OpenAI said its existing for-profit arm would become ...
OpenAI is transitioning to a for-profit company so it can raise billions more in funding. The company has operated under a nonprofit board since its launch, adding a for-profit arm in 2019.
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OpenAI's application to the IRS appears typical, said Andrew Steinberg, counsel at Venable LLP and a member of the American Bar Association’s nonprofit organizations committee.