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
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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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