Back in 2016, a scientific research organization incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the Internal Revenue Services.
Get latest articles and stories on World at LatestLY. Back in 2016, a scientific research organisation incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the…
Associated Press Back in 2016, the artificial intelligence maker OpenAI had just incorporated as a nonprofit and applied to the Internal Revenue Service for tax-exempt status. The application shows the vast distance OpenAI and the…
The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion
Associated Press NEW YORK (AP) — The artificial intelligence maker OpenAI may face a costly and inconvenient reckoning with its nonprofit origins even as its valuation recently exploded to $157 billion. Nonprofit tax experts have been…
Back in 2016, the artificial intelligence maker OpenAI had just incorporated as a nonprofit and applied to the Internal Revenue Service for tax-exempt status
Filing: in OpenAI's $6.6B round, Khosla Ventures invested $405M; the majority, or possibly all, was pooled from other investors via a special purpose vehicle — Khosla Ventures has raised $405 million for OpenAI, according to a regulatory…
Khosla Ventures has raised $405 million for OpenAI, according to a regulatory filing. Based on the filing alone, Khosla’s stake in the ChatGPT maker appears to be at least 6% of the $6.6 billion round the company closed last week. But that…
Geoffrey Hinton, widely acclaimed as the "Godfather of AI," accepted a Nobel Prize this week and used his speech to commend a former student for ousting OpenAI CEO Sam Altman, although Altman was reinstated soon after.
A new report suggests OpenAI could make $44 billion in losses before potentially becoming profitable in 2029. It further estimates the company's revenue generation to have scaled $100 billion.
OpenAI confirmed that a now-banned X account which went viral in June for appearing to be a Russian troll using ChatGPT was a hoax that likely originated in the U.S.
Some developers say OpenAI's GPT Store is a mixed bag, with revenue sharing reserved for a tiny number of GPT creators in an invite-only pilot program in the US — OpenAI promised payouts to custom GPT creators. Now most are turning to…