Openai CFO Sarah Friar discusses partnerships with SoftBank, artificial intelligence, Openai’s “Deep Research” tool, and SoftBank, which embraces the impact on Deepseek’s space.
Openai announced it on Monday artificial intelligence (AI) Giants have given up on plans to move companies from non-profit structures to become for-profit businesses.
Chat Maker We have established a for-profit limited liability company (LLC). This translates to a public benefit company that takes into account the interests of shareholders and Openai’s mission. Openai’s nonprofits operate on public benefits companies, becoming large shareholders within them.
“We have heard the voices from our civic leaders and engaged in constructive dialogue with the Delaware Attorney General and the California Attorney General’s office, before the nonprofit decided to maintain control of Openai,” Openai Chairman Brett Taylor said in a statement.
Openai shakes corporate structure with the goal of expanding AGI investment
Openai CEO Sam Altman will speak at the Openai Dvday event held in San Francisco, California on November 6th, 2023. (Photo: Justin Sullivan/Getty Images/Getty Images)
“We are grateful to both offices and look forward to continuing these important conversations. Openai can continue To effectively pursue its mission of AGI to benefit all humanity. ”
Openai CEO Sam AltmanIt encouraged an investigation into the company’s move into a for-profit structure, made it easier for the company to raise large amounts of funds for the investments it appears necessary to achieve artificial general information (AGI), and sent a letter to employees explaining the decision and what it means for the company.
“Openai was founded as a nonprofit organization and today is a nonprofit organization that oversees and manages for-profit organizations, and will continue to be a nonprofit organization that oversees and manages for-profit organizations.
Open AI CEO Sam Altman will speak at “Transforming Business Business Business Business Business Business Business Business Business Business Business Business Business Business on February 3rd with Softbank Group CEO Masayoshi Son. (Tomohiro Osumi / Getty Images / Getty Images)
He added that utility companies will be a new structure. Openai’s profit organization“It becomes the standard for profit structure for other AGI labs such as Humanity and X.AI, and it becomes a for-profit organization for many purpose-driven companies like Patagonia. I think that makes sense to us too.”
“Instead of our current complex cap commercial structure – this makes sense when there seemed to be one AGI effort, but not in the world of many great AGI companies. We’re moving to a normal capital structure where everyone has stock. This is not a sale, but a change of structure to something easier.”
Click here to get your Fox business on the go
The Openai co-founder said the company “want to run and gain resources to make the services widely available to all humankind who may need it at the moment and ultimately need it.” Trillions of dollars. We believe this is our best way to fulfill our mission and generate great benefits for each other with these new tools. ”
