🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Havish Gupta

Figuring Out • 6m

Don't get me wrong, but I can't understand why Elon who is running a for-profit company (XAi) is making so much effort to not let OpenAi turn for profit I know that OpenAi was started as a non profit company, but they aldredy turned into a capped profit company, so what's a big deal in turning for-profit? Pretty sure it's just to avoid competition as ChatGPT is still leading with ~60% market share while XAi don't even come close.

2 Replies
1
7
Replies (2)

More like this

Recommendations from Medial

Image Description
Image Description

Binit shrestha

Believe in yourself • 1y

Sam Altman is considering turning OpenAI into a regular company: Sam Altman, CEO of OpenAI, is thinking about changing OpenAI from a "capped-profit" structure to a regular, for-profit company. OpenAI currently operates with a for-profit branch gover

See More
5 Replies
1
10
Image Description
Image Description

Harsh Dwivedi

 • 

Medial • 12m

The five startups OpenAI doesn't want their investors to fund are: Anthropic xAI SSI (Ilya's company) Perplexity Glean

17 Replies
8
Image Description
Image Description

Vishu Bheda

 • 

Medial • 9m

In 2015, OpenAI started as a nonprofit with a big goal: to make AI helpful for everyone. But things changed. OpenAI turned into a for-profit company. Now it’s facing backlash from tech leaders like Mark Zuckerberg and Elon Musk. They say this chan

See More
9 Replies
7
22
Image Description
Image Description

Kimiko

Startups | AI | info... • 4m

openai is shifting its for-profit arm to a public benefit corporation (PBC)

2 Replies
21

Account Deleted

Hey I am on Medial • 6m

OpenAI is finalizing a $40B funding round led by SoftBank, with $10B up front and another $30B by 2025 if it restructures into a for-profit company. 💰

Reply
9
Image Description
Image Description

Niket Raj Dwivedi

 • 

Medial • 1y

OpenAI saga- Saturday Startup Story - 5 : In December 2015, Elon Musk, Sam Altman, and others co-founded OpenAI with a mission to ensure artificial general intelligence (AGI) benefits all of humanity. Initially structured as a non-profit, OpenAI aim

See More
9 Replies
28
Image Description

Arcane

Hey, I'm on Medial • 6m

OpenAI’s Journey Till Now 2015: OpenAI is founded as a non-profit with $1B committed from supporters, but received just around $130M in total donations, which included less than $45M from Elon Musk and about $90M from other donors 2016-2017: Open

See More
2 Replies
4
19
Image Description
Image Description

Account Deleted

Hey I am on Medial • 7m

🚀 OpenAI’s valuation curve looks like a SpaceX launch From a non-profit in 2015 to a $157B AI powerhouse in 2024, Eric Flaningam's chart perfectly captures the wild trajectory. Some key moments: ▪️ 2015: Founded as a non-profit with $1B in fundin

See More
5 Replies
3
13

Aastha

🎋 • 25d

Grok code theft scandal! A former xAI engineer quit after allegedly stealing the entire Grok codebase and joining OpenAI. Musk confirmed the breach. 1) Before leaving, the employee cashed out $7M worth of xAI stock 2) xAI has already filed a lawsu

See More
Reply
2
Image Description

Mohd Shabeeb

Building startup in ... • 2m

Elon Musk's xAI is rapidly advancing with its new Grok 4 AI model. The company is seeking a high valuation and has acquired X (formerly Twitter). xAI is building a massive supercomputer and aims to be a leading competitor in the AI industry. Elon Mus

See More
2 Replies
14

Download the medial app to read full posts, comements and news.