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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 weeks ago

ACT Inc. transitioning to a for-profit business focused on 'financial and social impact'

Iowa City Press-Citizen
The Iowa City-based ACT Inc., which offers college admissions tests, announced it is moving to a for-profit model.
4 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 weeks ago

Exclusive: OpenAI to remove non-profit control and give Sam Altman equity

Reuters
SAN FRANCISCO, Sept 25 (Reuters) - ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that...
2 weeks ago

Nonprofits Versus For-Profit Hospitals: 5 Major Differences for 2024 Planning

HealthLeaders
The most obvious difference between nonprofit and for-profit hospitals is tax status, and it has a major impact financially on hospitals and the communities...
9 months ago

OpenAI reportedly considering shift to for-profit as CEO stacks board

Cointelegraph
Artificial intelligence (AI) company OpenAI is reportedly considering shifting from a capped-profit corporation to an unfettered for-profit model.
3 months ago

ASCAP doubles down on non-profit model after paying out record $1.59bn to songwriters and publishers in 2023

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

Researchers: For-Profits Have Destabilized the Primary Care Market

Healthcare Innovation
The for-profit companies that have flooded into the primary care arena cannot be relied on to improve primary care delivery nationwide.
1 month ago

Between the lines of Musk vs. OpenAI

Axios
OpenAI's model has raised the prospect of nonprofits evolving into for-profit entities.
7 months ago

ICYMI | Top Challenges Facing Not-For-Profit CFOs Today

The CPA Journal
In Brief Chief financial officers of not-for-profit organizations have always faced many challenges, some common to all corporate leaders, some unique to.
8 months ago