OpenAI Announces Transition to For-Profit Structure Amid Microsoft Negotiations
OpenAI has unveiled its plans to transition from a non-profit to a for-profit organization, citing a need for more capital than previously anticipated. The tech company is considering a public benefit corporation model to advance its mission in the competitive AI landscape. Amid ongoing talks with Microsoft regarding their partnership terms, which have reportedly included negotiations on profit-sharing and a mutual financial understanding of Artificial General Intelligence (AGI), OpenAI highlights the necessity of securing funding to bolster its operations and drive innovations. As it seeks to sever its non-profit roots, the company acknowledges the complexities of adapting to new structural changes while aiming to ensure its long-term viability in the AI sector.
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