Sam Altman, OpenAI’s chief executive, said he hired Instacart’s Fidji Simo to join in a new role as chief executive of ...

OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and ...

OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely ...

OpenAI got $10 billion out of that $40 billion funding round. If it fails to become a for-profit corporation by the end of the year, it would forfeit $20 billion of the remaining $30 billion.

While nonprofits can’t go public, PBCs can. However, there is a question as to what OpenAI’s PBC would own were OpenAI to IPO. “My sense is there’s enormous intellectual property value at ...

The decision is a victory for OpenAI’s critics, including one of its founders, Elon Musk, who complained that the company was too focused on profits and had abandoned its early plan to build ...

OpenAI and Microsoft did not immediately return requests for comment. Ram is a financial and tech reporter and editor. He covered North American and European M&A, equity, regulatory news and debt ...

OpenAI Sam Altman advocated for more AI "freedom" and less regulations when he spoke to lawmakers in Washington, D.C.

“OpenAI’s announcement is a transparent dodge that fails to address the core issues: charitable assets have been and still will be transferred for the benefit of private persons,” he ...

Here are additional guides from our expansive article library that you may find useful on OpenAI. Developing AGI is a resource-intensive endeavor, with costs projected to reach hundreds of ...

On Monday, ChatGPT-maker OpenAI announced it will remain under the control of its founding nonprofit board, scrapping its controversial plan to split off its commercial operations as a for-profit ...

After months of public pressure over its effort to convert from a nonprofit into a more traditional moneymaking business, OpenAI decided to partly walk back its plan and strike a complicated balance.