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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 ...
Musk, an OpenAI co-founder who later left and is now one of the startup's most vocal critics, is trying to stop the plan and in August sued OpenAI and Altman. Musk alleges that OpenAI violated ...
The ousting and return of OpenAI CEO Sam Altman in 2023 thrust the company's nonprofit board governance structure into the spotlight. Jason Redmond/AFP/Getty Images OpenAI shared new details about ...
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.
The nonprofit, OpenAI, Inc., is the sole controlling shareholder of OpenAI Global, LLC, which, despite being a for-profit company, retains a formal fiduciary responsibility to OpenAI, Inc.'s nonprofit charter. A majority of OpenAI, Inc.'s board is barred from having financial stakes in OpenAI Global, LLC. [35]
OpenAI plans to restructure into a for-profit company, moving away from nonprofit board oversight. Key executives have also departed in recent months, citing concerns about OpenAI's future.
Bret Steven Taylor (born 1980) is an American computer programmer and entrepreneur. He is most notable for leading the team that co-created Google Maps and his tenures as the CTO of Facebook (now Meta Platforms), as the chairman of Twitter, Inc.'s board of directors prior to its acquisition by Elon Musk, and as the co-CEO of Salesforce (alongside co-founder Marc Benioff).
Stargate Project, incorporated in Delaware as Stargate LLC, [1] is an American artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle, and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029.