OpenAI's $100 billion gift doesn't fix its nonprofit problem, critics say

OpenAI's $100 billion gift doesn't fix its nonprofit problem, critics say

OpenAI CEO Sam Altman said on Monday that the X and Reddit posts on AI feel "very fake in a way it really didn't a year or two ago."Andrew Harnik via Getty ImagesOpenAI will give its nonprofit a $100 billion stake as it restructures itself to raise more money.Advocacy groups say the nonprofit isn't independent and $100 billion is too low given prior pledges.OpenAI says its nonprofit is independent and fully focused on its mission of achieving AG…

OpenAI Gets Microsoft’s Approval to Restructure Its For-Profit Arm

OpenAI announced Thursday it has reached a nonbinding agreement with Microsoft, its largest investor, to move its for-profit arm into a public benefit corporation (PBC). The shift, if approved by state regulators, would enable the AI company to raise more capital and eventually pursue a public listing. OpenAI board chairman Bret Taylor said in a blog post that the nonprofit parent organization would continue to exist and retain control over the …