It will enable users to send and receive stablecoins in under a second, offer “industry-low” transaction fees, accommodate multiple stablecoin tokens across...
3 months ago

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

The AI startup is in preliminary talks with California's attorney general's office about the process of becoming a for-profit entity.
2 months ago

OpenAI is advancing in its bid to transform the non-profit structure of the $157 billion company into a for-profit business by having preliminary discussions...
2 months ago

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

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

ASCAP has reaffirmed its commitment to its non-profit structure, following the announcement of record-breaking collections and royalty distributions for 2023.
10 months ago

OpenAI's $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital.
3 weeks ago

OpenAI announces its move to a for-profit model in 2025, aiming to stay competitive in the AI space while maintaining its nonprofit arm.
2 weeks ago

Association experts are rethinking business models to better respond to the needs of current members, while also drawing in new ones.
8 months ago