for-profit News

OpenAI Faces $10 Billion Funding Cut Unless It Shifts to For-Profit by Year's End

OpenAI risks losing $10 billion in funding unless it transitions to a for-profit model by year-end, with SoftBank ready to cut its investment. The deal, involving Microsoft and tie...

OpenAI on the Brink of Securing a Massive $40B from SoftBank, Valuation Could Skyrocket to $300B

OpenAI is set to secure $40 billion in funding led by SoftBank, potentially valuing the company at $300 billion. The deal's success depends on OpenAI's transition to a for-profit m...

OpenAI Transitions to For-Profit Model Amidst Growing Financial Demands

OpenAI announces a significant shift from a non-profit to a for-profit model, driven by the need for increased funding to support its AI research and development initiatives. This ...