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OpenAI reveals plan to adopt new for-profit structure
short by Mansi Agarwal / on Friday, 27 December, 2024
OpenAI has unveiled a plan to adopt a new for-profit structure next year to remove its non-profit arm's control over the company. It aims to transform its existing for-profit arm into a public benefit corporation, which will control the business. Meanwhile, its non-profit arm will support charitable initiatives. "We...need to raise more capital than we'd imagined," OpenAI said.
read more at Reuters