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For a long time, investors were happy enough to pour money into OpenAI despite a structure that didn’t put their interests first, but in 2023, the board of the nonprofit that controls the ...
OpenAI reverses course and says its nonprofit will continue to control its business OpenAI first outlined plans last year to convert its core governance structure but faced a number of challenges.
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Maayan Aviv, CEO, American Friends of NATAL, is a nonprofit leader with 15+ years of experience, driving impact in mental health treatment. We all want to make a difference in the world, and one ...
“There’s a nonprofit and a for-profit in one corporate structure, and we’re thinking about how to reconfigure that,” OpenAI board chairman Bret Taylor said at Axios’ AI+ Summit in San ...
The nonprofit already has a for-profit arm, but that arm will be converted into a public benefit corporation “that has to consider the interests of both shareholders and the mission,” Taylor said.
Changing OpenAI's nonprofit structure would raise questions about its future FILE - OpenAI CEO Sam Altman attends an Apple event announcing new products in Cupertino, Calif., June 10, 2024.
ChatGPT creator OpenAI announced on Monday that it would remain under the control of a nonprofit, a move that followed public questions, criticisms, and litigation about plans for the AI upstart ...
As the maker of ChatGPT battles Google and Meta for A.I. supremacy, it’s also fighting to end control by a nonprofit board. By David A. Fahrenthold Cade Metz and Mike Isaac Last fall, the ...
The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion.