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As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.

Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024 — As the company looks for more outside investors, documents reviewed by The…

Photo by Jack Guez / AFP via Getty Images

Anthropic's head of communications took a jab at an OpenAI cofounder after a confusing tweet and a wild week.

Jony Ive, the former Apple designer, is working on a new startup with OpenAI and its CEO, Sam Altman. The collaboration was confirmed by Ive in a recent profile about his activities since leaving Apple five years ago. Fascinating …

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance.

This week, OpenAI announced that it would be ripping control away from its non-profit arm, finally putting to bed any hope that the company was truly committed to developing an artificial general intelligence that would "benefit all of…

OpenAI CEO Sam Altman has reportedly been curating an "audacious plan" to address the firm's computing power needs which requires "$7 trillion and many years to build 36 semiconductor plants and additional data centers."

The OpenAI boss reportedly added that investors were pushing for him to receive equity to ensure his interests remain aligned with the firm.

OpenAI doesn't want its chatbot to sing, but sometimes the ability slips through.

A WSJ report sheds light on Mira Murati's concern over OpenAI's rushed product launches and how execs scrambled after Ilya Sutskever's May departure.

The WSJ reports that OpenAI's next funding round, worth around $6.5 billion, could close as soon as the first week in October.

Artificial intelligence is reshaping industries, from cybercriminals exploiting chatbots to Google supercharging Gemini for business breakthroughs. Meanwhile, Meta and Microsoft are using AI to transform eCommerce and energy, showing that…

Even investors might not get much out of it

OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process.

Make it stop. Please make it stop. Being not-for-profit was surely the very essence of OpenAI, its reason to exist in contrast to other companies chasing the dollar via artificial intelligence. Wasn't it? Not any longer.

While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board whose mission is to help humanity.

While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board whose mission is to help humanity.

Ex-employee William Saunders says he is also concerned by reports Sam Altman could hold stake in restructured firm