Tuesday, May 6, 2025

OpenAI to remain under non-profit control in change of restructuring plans

OpenAI has decided to remain under the control of its non-profit entity, reversing earlier plans to adopt a for-profit governance structure. CEO Sam Altman said the for-profit arm will become a public benefit corporation, ensuring oversight stays with the non-profit amid regulatory discussions and civic leader feedback.

from Tech-Economic Times https://ift.tt/7hANid5

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...