OpenAI is a strange company for strange times. Valued at $300 billion—roughly the same as seven Fords or one and a half ...

Plus: the US state department is weighing up vetting the social media accounts of overseas student visa applicants ...

After announcing the big for-profit OpenAI restructuring that everybody expected, OpenAI just introduced a new AI initiative that could make ChatGPT the default AI choice for democratic countries ...

OpenAI has backtracked on plans to turn into a for-profit company after outcry from politicians, civic leaders, and Elon Musk. After "hearing from civic leaders" and attorney generals, the plans ...

OpenAI is giving up on its plan to free itself from oversight by its nonprofit parent organization. Under a proposed restructure, its for-profit subsidiary will convert to a Public Benefit ...

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler Michael J. de la Merced Lauren Hirsch and Edmund Lee OpenAI’s decision to scale back its ambitious corporate reorganization has ...

Put another way, OpenAI hasn't said the exact structure that it intends to implement. According to Professor Michael Dorff, executive director of the Lowell Milken Institute for Business Law and ...

OpenAI announced on Monday that the artificial intelligence (AI) giant is scuttling its plan to move the company away from a nonprofit structure to becoming a for-profit company. The ChatGPT-maker ...

OpenAI is shaking up its corporate structure to bring in new investors and accelerate the development of artificial general intelligence (AGI). During a Monday press call, OpenAI announced it is ...

SAN FRANCISCO — ChatGPT maker OpenAI will remain under the control of its founding nonprofit board after abandoning a plan to split off its commercial operations as a for-profit company.

By Cade Metz Reporting from San Francisco OpenAI said on Monday that it was restructuring as a public benefit corporation, allowing the nonprofit that controls OpenAI to retain its grip on the ...

Letting OpenAI execute its restructuring plan would set a dangerous precedent for other nonprofits, said Michael Dorff, a corporate law professor at UCLA who signed the letter sent to OpenAI’s ...