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 ...
OpenAI may become a for-profit because it needs 'more capital than imagined'
OpenAI has revealed a plan to restructure its operations and more cleanly separate the for-profit and non-profit arms of its ...
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup ...
OpenAI outlines new for-profit structure in bid to stay ahead in costly AI race
Under the proposed plan, the ChatGPT maker's existing for-profit arm would become a Delaware-based public benefit corporation ...
OpenAI reveals plan to convert to public benefit corporation
OpenAI announced plans to become a public benefit corporation and shed the control of its nonprofit board. Elon Musk and Meta ...
Elon Musk's xAI raises $6 billion from Nvidia, AMD, and others
In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593.
OpenAI defends for-profit shift as critical to sustain humanitarian mission
"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...
Sam Altman's OpenAI Plans Major Revamp Of Corporate Structure
OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...