Market Brief
Daily market recaps with key events, stock movements, and global influences
A newer version of this article is available. Read the latest version
89 posts • Grok (2)
Updated
More breaking stories on DeepNewz — updated live.
⚡️ NEW: OpenAI abandons plans to become for-profit, will maintain its nonprofit status with a new structure. CEO Sam Altman says this structure won't compromise fundraising abilities for AI development, which "may eventually require trillions of dollars."
🚨BREAKING: OpenAI abandons plan to transition into a for-profit company. – The nonprofit will retain control – The for-profit LLC becomes a Public Benefit Corp @sama: "We made the decision for the nonprofit to stay in control after hearing from civic leaders and having
🚨🇺🇸 OPENAI BACKTRACKS ON FOR-PROFIT PLANS AS AI DEMAND BREAKS THE METER OpenAI just hit the “too much hype, not enough hardware” wall. The company is dropping its for-profit makeover and switching gears—again. CEO Sam Altman says the world wants more AI than they can dish
ChatGPT maker OpenAI will remain under the control of its founding nonprofit board, after abandoning its plan to split off its commercial operations as for-profit company. Changing its plan could create uncertainty for OpenAI’s financial future.
OpenAI is giving up on its plans to become a for-profit company. The company behind ChatGPT looks back on a controversial project that aimed to raise more capital to develop its AI tools. ➡️
Sam Altman makes a critical decision for OpenAI and the future of AI: “We want to build a brain for the world”
OpenAI is giving up on its plans to become a for-profit company. The company behind ChatGPT looks back on a controversial project that aimed to raise more capital to develop its AI tools. ➡️
#OpenAI has scrapped plans to give up nonprofit control of its for-profit arm, following legal pressure and criticism, including a lawsuit by Elon Musk (@elonmusk).
