2024-12-28
“We once again need to raise more capital than we'd imagined.” — Not likely more than they imagined, given that @edzitron.com was able to predict the imminent need for another large capital raise with publicly available information. [embedded post]
OpenAI
OpenAI says its board of directors is evaluating its corporate structure, including a plan to turn its for-profit arm into a Delaware Public Benefit Corporation
A stronger non-profit supported by the for-profit's success. — OpenAI's Board of Directors is evaluating our corporate structure …
“We once again need to raise more capital than we'd imagined.” — Not likely more than they imagined, given that @edzitron.com was able to predict the imminent need for another large capital raise with publicly available information. [embedded post]
CNBC
OpenAI says the PBC will oversee commercial operations, and the nonprofit will hire staff to pursue charitable activities in health care, education, and science
Reality: It's going to take all of Earth's resources, but can build this search engine that kinda works and is trained on stuff we didn't have rights for. Paul J. Dauenhauer / @pau...
2024-12-27
“We once again need to raise more capital than we'd imagined.” — Not likely more than they imagined, given that @edzitron.com was able to predict the imminent need for another large capital raise with publicly available information. [embedded post]
OpenAI
OpenAI says its board of directors is evaluating its corporate structure, including a plan to turn its for-profit arm into a Delaware Public Benefit Corporation
A stronger non-profit supported by the for-profit's success. — OpenAI's Board of Directors is evaluating our corporate structure …
“We once again need to raise more capital than we'd imagined.” — Not likely more than they imagined, given that @edzitron.com was able to predict the imminent need for another large capital raise with publicly available information. [embedded post]
CNBC
OpenAI says the PBC will oversee commercial operations, and the nonprofit will hire staff to pursue charitable activities in health care, education, and science
OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation … Bluesky: @davidwunderlich . Forums: r/OpenAI Blu...