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 itโs facing backlash from tech leaders like Mark Zuckerberg and Elon Musk.
They say this chan
Many successful private companies choose to conduct an initial public offering (IPO) to raise capital for further growth.
However, going public doesn't seem to be in the cards for OpenAI since it began as a non-profit organization. But fear not, you
See More
5 replies7 likes
Chamarti Sreekar
Passionate about Pos...ย โขย 5m
Swiggy is considering increasing the delivery fees for its quick commerce arm, Instamart. (Moneycontrol)
8 replies8 likes
Niket Raj Dwivedi
ย โขย
Medialย โขย 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 replies28 likes
Binit shrestha
Believe in yourselfย โขย 11m
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
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 pr
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. ๐ฐ
0 replies9 likes
Havish Gupta
Figuring Outย โขย 2m
Open Thoughts about OpenAI
So Ever Since OpenAI announced its plan to go for-profit, everyone, including Elon Musk, has been trolling OpenAI by calling it "CloseAI."
While thatโs kinda true, I think OpenAI turning for-profit isnโt a big deal and wa
OpenAIโs 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