OpenAI Considers For-profit Transition
This is a OpenAI news story, published by Yahoo Finance, that relates primarily to Kreps news.
OpenAI news
For more OpenAI news, you can click here:
more OpenAI newsKreps news
For more Kreps news, you can click here:
more Kreps newsNews about Ai startups
For more Ai startups news, you can click here:
more Ai startups newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like this article about Ai startups, you might also like this article about
OpenAI investments. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest OpenAI employees news, OpenAI CEO Sam Altman news, news about Ai startups, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
OpenAI subsidiariesYahoo Finance
•The big winner if OpenAI becomes a for-profit business? Microsoft.
84% Informative
OpenAI is considering transitioning from a nonprofit into a for-profit company.
Microsoft 's deep-pocketed benefactor has a lot to gain if the company gets the green light to act more like a startup.
A reconfigured business structure would give Microsoft an opportunity to renegotiate its already generous profit cap.
There are potential snags for Microsoft as OpenAI attempts to shed its charitable cloak.
OpenAI is expected to register as a public benefit corporation as part of its transition.
Such entities are like traditional corporations but with more freedom to spend on civically minded initiatives.
"This type of transition can generate considerable investor interest quickly," Kreps said.
In May , xAI raised $6 billion .
VR Score
86
Informative language
85
Neutral language
47
Article tone
formal
Language
English
Language complexity
66
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
7
Affiliate links
no affiliate links