OpenAI’s Complex Path to Becoming a For-Profit Company

OpenAI’s plan to convert to a for-profit company is meant to simplify the world’s leading artificial-intelligence startup. 

Making that happen will be enormously complex. 

The ChatGPT maker is in the midst of raising $6.5 billion from backers including Microsoft,  Nvidia, along with venture-capital firms and a United Arab Emirates state-backed company. 

An essential provision of talks is that OpenAI, currently governed by a charitable nonprofit, must within two years become a public-benefit corporation. 

That means its mission is to earn a profit while creating social good. 

If it doesn’t, investors could take back their money.

Wall Street Journal 29 September 2024

https://www.wsj.com/tech/ai/openais-complex-path-to-becoming-a-for-profit-company-bad21a42


What Is ChatGPT? What to Know About the AI Chatbot

https://englundmacro.blogspot.com/2023/03/what-is-chatgpt-what-to-know-about-ai.html


Tillbaka till Wall Street och Stockholm 28-29 september 2024

https://englundmacro.blogspot.com/2024/09/wall-street-och-stockholm-28-29.html





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