OpenAI: Nonprofit, Capable Profit

This is a OpenAI news story, published by New York Magazine, that relates primarily to Sam Altman news.

OpenAI news

For more OpenAI news, you can click here:

more OpenAI news

Sam Altman news

For more Sam Altman news, you can click here:

more Sam Altman news

News about Ai startups

For more Ai startups news, you can click here:

more Ai startups news

New York Magazine news

For more news from New York Magazine, you can click here:

more news from New York Magazine

About 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 executives

. 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 news, OpenAI board 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 competitors

New York Magazine

•

Microsoft Has an OpenAI Problem

Summary

Nutrition label

77% Informative

OpenAI started as a nonprofit, raising more than $100 million dollars to spend on foundational AI research, before morphing into a “capped profit” corporation governed by a nonprofit and “legally bound” to pursue the nonprofit’s mission.

This was, in hindsight, a pretty good deal for OpenAI , which has burned through billions of dollars building, training, and operating AI models.

That Microsoft might have agreed to such an AGI loophole could suggest that the company takes the prospect a bit less seriously than its executives tend to indicate.

Alternatively, it could indicate the company believed in the durability of OpenAI ’s non-profit arrangement.

Now, the board has been purged and replaced with people loyal to Sam Altman .

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive