company

New report details OpenAI’s plan to switch to for-profit mode

New report details OpenAI’s plan to switch to for-profit mode

A major shakeup is in the works at OpenAI. reported that the artificial intelligence research company is restructuring its business from a non-profit board into a for-profit corporation. The publication also says Sam Altman would be given equity in the new corporation.OpenAI’s move to for-profit wouldn’t eliminate its non-profit entity entirely. The non-profit would own a stake in the new for-profit venture but it won’t have nearly the power as it did. An OpenAI spokesperson gave a statement that’s identical to the one they gave to Fortune’s initial report about the restructuring. Couldn’t they at least have used OpenAI’s software…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.