Microsoft Corp. (MSFT)
Explainer: Why OpenAI plans transition to public benefit corporation
OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.
OpenAI lays out plan to shift to for-profit corporate structure
AI company, which makes ChatGPT, says in blogpost ‘we once again need to raise more capital than we'd imagined'
OpenAI unveils for-profit plans
CNBC's Kate Rooney joins 'Money Movers' to discuss OpenAI's for-profit plans.
OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure
Artificial intelligence (AI) startup OpenAI said Friday it needs to raise more money than expected to meet its goals, and laid out plans for transitioning toward a for-profit structure.
OpenAI to seek capital as a public benefit corporation in the vein of Patagonia
Public benefit corporations, or B-Corps, are certified to be more focused on social impact and sustainability.
OpenAI releases plans to become a for-profit business
OpenAI, the creator of ChatGPT, has laid out its plans to become a for-profit company. In a blog post, the board of directors writes that with rivals ramping up their own AI investments, OpenAI will "need to raise more capital than we'd imagined.
Trump says Microsoft's Bill Gates has asked to visit him in Florida
Donald Trump said Microsoft co-founder Bill Gates has asked to visit him at the president-elect's Mar-a-Lago home in Florida on Friday night.
OpenAI says it needs 'more capital than we'd imagined' as it lays out for-profit plan
In a blog post Friday, OpenAI laid out its early plans for converting into a for-profit company. OpenAI said its existing for-profit division will become a public benefit corporation, or PBC, "with ordinary shares of stock.
Google, Microsoft, Apple among firms to foot £70mln online safety law bill
Technology giants are facing a £70 million annual bill to foot the cost of new internet safety laws in the UK. A new levy, under consideration by regulator Ofcom, would see companies' global revenue pay for the extra costs of enforcing the Online Safety Act.
OpenAI and Microsoft have put a price tag on what it means to achieve AGI: report
OpenAI and Microsoft have an internal definition for AGI, per The Information. The two companies agreed to define AGI as a system that can generate $100 billion in profits.
OpenAI Weighs For-Profit Move Amid Talks With Microsoft
OpenAI is reportedly planning to become a for-profit company and is discussing the details of that transition with major investor Microsoft. According to a Thursday (Dec. 26) report from The Information, the two companies have been in talks since October about how to restructure the artificial intelligence (AI) firm.
Microsoft reportedly revisits terms with OpenAI
Microsoft shares are in focus as the tech giant reportedly weighs its ongoing multibillion-dollar investment and partnership with OpenAI as the ChatGPT maker shifts to a for-profit business model, according to reporting from The Information. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
