Sunday, September 29, 2024

A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist (Wall Street Journal)

Wall Street Journal:
A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist  —  Converting from a nonprofit happens rarely, especially for organizations this wealthy.  OpenAI has two years to do so.



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...