A federal judge in California denied Elon Musk's effort to halt OpenAI's transformation into a for-profit entity, according to a filing on Tuesday. The court said the plaintiffs "failed to meet their ...

Musk claims that Altman and OpenAI’s President, Greg Brockman, misled him by promising that the company will remain a nonprofit organization dedicated to the greater good. Instead, Musk states in his ...

Sam Altman-led OpenAI is reportedly engaged in intricate discussions to transform into a for-profit entity, but its board is grappling with valuing Microsoft Corp.'s (NASDAQ:MSFT) stake while ...

Microsoft stands as OpenAI's largest backer with a $13.5 billion stake in the nonprofit AI research lab. Over the past few years, the tech giant has been scrutinized for making this huge investment, ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Katherine Tangalakis-Lippert Every time Katherine publishes a story, you’ll get an alert ...

ChatGPT-maker OpenAI is reportedly transitioning from a non-profit to a for-profit benefit corporation. The AI startup’s CEO Sam Altman could receive equity in the newly structured company. What ...

OpenAI is one step closer to becoming a for-profit company. The AI startup is in preliminary talks with California's attorney general's office, Bloomberg reported. A for-profit structure would be much ...

Musk sues to block OpenAI's conversion to a for-profit structure Musk cofounded OpenAI with Altman in 2015 OpenAI argues for-profit move needed for capital Nonprofit to for-profit conversion rare, ...

OpenAI’s massive private funding round could be slashed by as much as $10 billion if the company doesn’t restructure into a for-profit entity by Dec. 31, CNBC has confirmed. The full size of the round ...

The defining factor between a nonprofit and for-profit organization boils down to Internal Revenue Code 501(c), which excuses nonprofits from federal tax liability. These qualified charitable ...