Documents show OpenAI's long journey from nonprofit to $157B valued company

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 52 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

Technology Nouvelles

U.S. News,Sam Altman,Business

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.

2 suspects connected to Bexar County auto theft ring could also be tied to Windsor Hollow shooting, records show

In the application, OpenAI indicated it did not plan to enter into any joint ventures with for-profit organizations, which it has since done. It also said it did “not plan to play any role in developing commercial products or equipment,” and promised to make its research freely available to the public.

In general, nonprofit experts agree that OpenAI has gone to great lengths to arrange its corporate structure to comply with the rules that govern nonprofit organizations. OpenAI's application to the IRS appears typical, said Andrew Steinberg, counsel at Venable LLP and a member of the American Bar Association’s nonprofit organizations committee.

OpenAI told the IRS it planned to train an AI agent to solve a wide variety of games. It aimed to build a robot to perform housework and to develop a technology that could “follow complex instructions in natural language.”The nonprofit OpenAI indicated on the application form that it had no plans to enter into joint ventures with for-profit entities.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 442. in BE

Belgique Dernières Nouvelles, Belgique Actualités