OpenAI confirms plans to become a for-profit company

OpenAI says it needs ‘more capital than we’d imagined’ as it details for-profit plan
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company.
OpenAI to maintain charitable branch after shifting to for-profit
OpenAI has revealed its plan to transform into a for-profit organization next year. It will maintain a nonprofit charitable branch.
OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
OpenAI CEO Sam Altman has said that his company was made “unusual” on purpose. Now, that unusualness is getting in the way of raising more money from investors. In a Friday blog post, the company behind the popular AI chatbot ChatGPT said its board is deep into planning how OpenAI will “become more than a lab and a startup” in 2025.
OpenAI lays out plan to shift to new for-profit structure
OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.
OpenAI lays out its for-profit transition plans
The company currently has a for-profit org controlled by a nonprofit, with a “capped profit” share for investors and employees. But in a blog post published Friday, the company says it plans to begin transitioning its existing for-profit into a Delaware Public Benefit Corporation (PBC),
OpenAI admits it needs more cash for its for-profit vision
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year,

Elon Musk, xAI

Nonprofit group joins Elon Musk’s effort to block OpenAI’s for-profit transition
Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to ...
Elon Musk Vs. Sam Altman: Inside The Feud Over OpenAI And ChatGPT
A story of control and competition unfolds, with the ongoing feud between OpenAI co-founders, Elon Musk and Sam Altman.
Meet the power players at Elon Musk's xAI, the startup taking on OpenAI with its Grok chatbot
Meet the key figures at Elon Musk's xAI, the $50 billion startup behind the chatbot Grok that's taking on ChatGPT.
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OpenAI CEO: Elon Musk Is a 'Legendary Entrepreneur' But 'Clearly a Bully'
Musk 'did a lot to help OpenAI in the early day,' Sam Altman says in an interview with The Free Press, but he 'likes to get ...
Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup ...
OpenAI defends for-profit shift as critical to sustain humanitarian mission
"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the ...
Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...
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Elon Musk files a lawsuit against OpenAI and Microsoft
Elon Musk has never been one to shy away from confrontation, and his latest legal move is no exception. The billionaire ...
OpenAI beefs up Washington presence with a pitch for energy and security
The AI industry wants Trump’s Washington to embrace it as a bulwark against China. OpenAI is trying to lead the pack.