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

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Corporate Structure,Openai,Sam Altman

Back in 2016, a scientific research organization incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt...

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., the nonprofit told the IRS its goal was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.

Attorneys who specialize in advising nonprofits have been watching OpenAI's meteoric rise and its changing structure closely. Some wonder if its size and the scale of its current ambitions have reached or exceeded the limits of how nonprofits and for-profits may interact. They also wonder the extent to which its primary activities advance its charitable mission, which it must, and whether some may privately benefit from its work, which is prohibited.

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.

WASHINGTON — Vice President Kamala Harris is in “excellent health” and “possesses the physical and mental resiliency” required to serve as president, her doctor said in a letter released Saturday that summarizes her medical history and status.Middle East latest: Israeli military renews orders for Palestinians to leave northern Gaza

The fall travel season is officially here, and over half of travelers plan to manage the cost of their trips by cutting back on other expenses, according to Hopper. Hopper lead economist Hayley Berg joins Wealth! to break down her top travel tips for the 2024 fall and holiday seasons/ Berg notes that travelers should book their travel by October 14, when consumers can get the best airfare prices on their holiday travel. She adds that prices for holiday travel increase after Halloween.

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Documents show OpenAI's long journey from nonprofit to $157B valued companyBack in 2016, a scientific research organization incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »