The launch of the for-profit arm paved the way to the two multibillion-dollar funding rounds that OpenAI has closed since the ...

The change opened the door to massive shareholder investment including Microsoft's $1 billion investment that same year. In ...

Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, ...

The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its ...

AI game-changer OpenAI launched the GPT-4 LLM-powered 'Search' feature in October, which provides summarized search results ...

OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock." ...

ChatGPT creator OpenAI plans to restructure into a for-profit organization, according to a blog post the company published on Thursday outlining the transition ...

OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...

OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and translates speech into text.

The California-based organization said it plans to change its existing for-profit entity into a Delaware Public Benefit Corporation, or B-Corp, which is a similar structure to sustainability-focused ...

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it ...