Tag: openai defends for-profit shift

Openai defends for-profit shift explained — what it is, how it works and what it costs. Below are 1 article about openai defends for-profit shift on CheapToken News.

OpenAI defends for-profit shift as critical to sustain humanitarian mission - Ars Technica

December 3, 2019 | Ars Technica AI
OpenAI defends for-profit shift as critical to sustain humanitarian mission - Ars Technica
OpenAI has finally shared details about its plans to shake up its core business by shifting to a for-profit corporate structure. On Thursday, OpenAI posted on its blog, confirming that in 2025, the existing for-profit arm will be transformed into a Delaware-based public benefit corporation (PBC). 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