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OpenAI drops for-profit plans

Barron's on MSN · 33m

OpenAI Drops For-Profit Move. What It Means for Microsoft Stock.

ChatGPT-maker OpenAI said it scrapped its for-profit conversion plan after discussions with civic leaders and the attorneys general of California and Delaware.

Bloomberg · 13h

Microsoft Is Key Holdout for OpenAI Restructuring Plan

After months of public pressure, OpenAI walked back part of its effort to create a more conventional for-profit company, but its restructuring plans still have not received the blessing of a major stakeholder: Microsoft Corp.

The New York Times · 18h

OpenAI Backtracks on Plans to Drop Nonprofit Control

The company will become a public benefit corporation and the nonprofit that has controlled it will be its largest shareholder.

1h

The Stakes for OpenAI’s Plan B

The giant artificial intelligence start-up dialed back its corporate reorganization plan, but big questions remain about its ...

30mon MSN

Elon Musk to go ahead with lawsuit against OpenAI despite nonprofit control statement, lawyer says

Elon Musk plans to proceed with his highly watched lawsuit against OpenAI, his lawyer Marc Toberoff said on Monday, hours ...

1h

OpenAI to acquire AI coding tool Windsurf for $3B

OpenAI is reportedly acquiring Windsurf, an AI-powered coding assistant, for approximately $3 billion. The acquisition comes ...

8h

OpenAI Reverses Course As Sam Altman Says Nonprofit Will Remain In Control Amid Elon Musk's Lawsuit And Investor Pushback

OpenAI, led by Sam Altman, has decided to retain nonprofit control over its for-profit operations, scaling back its ...

Devdiscourse17h

OpenAI: Balancing Profit and Mission

OpenAI announced it will remain under the control of its nonprofit parent while restructuring its for-profit arm to raise ...

4don MSN

Microsoft could bring Elon Musk's Grok AI model to Azure — Cozying up with OpenAI's arch-nemesis xAI for its AI Foundry

Microsoft is reportedly planning to host Elon Musk's Grok AI model. However, it won't host xAI's servers to train any of its ...

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