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Nonprofit 1863 Ventures has closed, reborn into for-profit New Majority Ventures

TechCrunch
The nonprofit organization 1863 Ventures, which focused on providing capital and mentorship to early-staged underrepresented founders,...
4 days ago

OpenAI’s Shift to For-Profit Model Changes the Game for AI Competition

PYMNTS.com
OpenAI's planned shift to a for-profit model is sending shockwaves through the AI industry, potentially reshaping competition.
2 months ago

OpenAI says ads aren't coming soon – if ever

IT Pro
AI company downplays reports of advertising plans in its products as Musk files injunction over for-profit moves.
6 days ago

Musk again asks to block OpenAI’s ‘illegal’ conversion to for-profit model

Cointelegraph
Elon Musk has made another legal attempt to block ChatGPT-creator firm OpenAI from converting to a for-profit enterprise.
1 week ago

Why Would OpenAI Want to Become a True For-Profit Anyway?

Observer
OpenAI, which operates as a nonprofit that runs a capped-profit arm, is reportedly looking to transition into a fully for-profit model.
5 months ago

Algorithms over art: How Spotify revolutionized music while exploiting artists and listeners for profit

Milwaukee Independent
In the gilded era of music streaming, millions of tracks are available at our fingertips. A few clicks, and the world of sound becomes...
4 days ago

Is OpenAI Shifting It’s Focus To Profits?

Forbes
OpenAI, once a beacon of nonprofit governance in artificial intelligence, is considering a restructuring of its core business model towards profit.
2 months ago

'This is illegal': Elon Musk criticises OpenAI's shift to for-profit model

The Economic Times
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board.
2 months ago

OpenAI planning to become for-profit company, say reports

The Guardian
OpenAI is reportedly pushing ahead with plans to become a for-profit company, after more senior figures left the ChatGPT developer following...
2 months ago

Inside OpenAI’s multibillion-dollar gambit to become a for-profit company

Vox
OpenAI CEO Sam Altman wants to make his artificial intelligence company for-profit. But major questions have to be answered first.
1 month ago