The new agreement “includes changes to the exclusivity on new capacity, moving to a model where Microsoft has a right of ...
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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 ...
Elon Musk asked a judge to block OpenAI's attempt to transition from nonprofit to for-profit. It's not the first time he's ...
White House ‘looking at’ national security implications of Chinese AI breakthrough - DeepSeek says its AI model is similar to ...
The sudden emergence of China’s DeepSeek roiled the tech market just ahead of earnings season, when industry giants will ...
OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions ...
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 ...
OpenAI says establishing the PBC would enable it to “balance shareholder interests, stakeholder interests, and a public benefit interest” in its decision-making while allowing it to “raise ...
Stocks tumbled after a Chinese AI startup said its models can compete with the likes of ChatGPT and other U.S.-based models ...
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