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OpenAI confirms plans to become a for-profit company
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's for-profit plan includes a public benefit corporation
Following the reorganization, the for-profit division would be responsible for overseeing OpenAI’s “operations and business,” while the nonprofit arm would operate separately with its own leadership team and a focus on charitable efforts in health care, education and science.
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
14h
on MSN
Solventum Corporation (SOLV): Among the Cheap Healthcare Stocks to Buy Heading Into 2025
We recently compiled a list of the 12 Cheap Healthcare Stocks to Buy Heading into 2025. In this article, we are going to take ...
22h
Where Will Ares Capital Corporation Be in 3 Years?
As a BDC, Ares Capital makes loans to middle-market companies, which generate between $10 million and $250 million in annual ...
2d
RCD: A 9.00% Senior Note IPO From Ready Capital Corporation
Financial writer recommends avoiding Ready Capital Corporation's new senior notes (RCD) due to financial challenges and ...
1h
on MSN
Why Is Main Street Capital Corporation (MAIN) Among the Best Stocks That Pay Monthly Dividends in 2024?
We recently compiled a list of the 11 Best Stocks That Pay Monthly Dividends in 2024. In this article, we are going to take a ...
1d
OpenAI Details Plans for Becoming a For-Profit Company
OpenAI said it would be restructured as a public benefit corporation, and that the nonprofit that controls the organization ...
2d
News Corporation Unveils $1 Billion Stock Buyback Plan
News Corporation Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update.Don't Miss Our Christmas Offers:Discover the latest ...
10d
Redefining Fragrance: Fits Corporation's Creative Revolution
Fits Corporation is transforming Japan's relationship with fragrance, weaving together culture, innovation, and artistry.
11d
Arizona Corporation Commission reaffirms monthly APS fee for homeowners with solar panels
The Arizona Corporation Commission has reaffirmed a controversial charge on residential solar customers who generate some of ...
Business Insider
2d
News Corporation Announces $1 Billion Stock Buyback
News
Corporation
Shs B Chess Depository Interests repr 1 Sh (AU:NWS) has released an update. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top ...
21h
on MSN
Hess Corporation (HES): Billionaire D.E. Shaw Is Bullish On This Stock Right Now
We recently compiled a list of the 10 Best Stocks to Buy According to Billionaire D.E. Shaw. In this article, we are going to ...
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