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OpenAI switching to a for-profit company to raise more cash as it continues to lose moneyLikewise, the existing structure does not allow the board to address shareholders' financial expectations and interests.
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Hundreds of OpenAI’s current and ex-employees are about to get a huge payday by cashing out up to $10 million each in a private stock saleEligible OpenAI shareholders have until December 24 to decide if, and how much, they want to sell. SoftBanks' tender offer was first reported by CNBC in November, but the number of eligible ...
OpenAI said it needs “more capital than we ... a company that is structured to consider the interests of society in addition to shareholder value. As the expensive pursuit of artificial ...
OpenAI CEO Sam Altman reveals financial losses with its ChatGPT Pro subscription, as company plans restructuring to balance ...
OpenAI rivals like Anthropic and Elon Musk’s xAI use a similar structure. “The P.B.C. is a structure used by many others that requires the company to balance shareholder interests, stakeholder ...
As a PBC, OpenAI would be required to balance its shareholders' and stakeholders' interests with the public benefit. To achieve that, OpenAI would offer "ordinary shares of stock" while using some ...
Apple joined Costco in firmly calling for its shareholders to vote against conservative proposals requesting they end DEI ...
ChatGPT-maker OpenAI has laid out plans for a new corporate structure shifting away from control by a non-profit – an issue ...
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