Topic: openai restructuring
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OpenAI's For-Profit Shift and New Microsoft Deal
OpenAI has transitioned to a for-profit structure, forming the OpenAI Group PBC, with the original nonprofit becoming the OpenAI Foundation, which holds a significant equity stake and directs a $25 billion fund toward healthcare, disease research, and AI resilience. The restructuring resolves leg...
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Microsoft-OpenAI Deal Paves Way for Potential IPO
The partnership between Microsoft and OpenAI is advancing with a new agreement, though structural and regulatory issues remain, including Microsoft's dual role as both collaborator and competitor. Microsoft has invested $13 billion in OpenAI and shares revenue from ChatGPT, while also increasing ...
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OpenAI Denies California Exit Plans Amid Regulatory Pressure
OpenAI has denied plans to leave California despite regulatory scrutiny over its proposed shift from nonprofit to for-profit status. California's attorney general is investigating whether OpenAI's restructuring violates charitable trust laws, with $19 billion in funding at risk if the conversion ...
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Can OpenAI Be Trusted? The Push for AI Accountability
OpenAI's corporate structure and mission commitment are under scrutiny, raising questions about AI governance, profit motives, and ethical responsibility. The organization, originally a nonprofit, is moving away from this model for funding and a public offering, despite criticism from advocacy gr...
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OpenAI CFO Reveals Device That Could Transform Computing
OpenAI’s acquisition of legendary Apple designer Jony Ive’s artificial intelligence (AI) devices startup will lead to a new computing era similar to the leap from flip phones to the touchscreen smartphone. That’s the prediction of OpenAI CFO Sarah Friar, who made the revelation during a fireside chat on Friday (June 13) at the VivaTech 2025 conference in Paris. Friar drew parallels between OpenAI’s plans for AI devices and the technologies that ushered in past computing revolutions. “I think for...
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