In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors. Then came the pushback.

OpenAI hasn’t formally committed to an IPO, but CEO Sam Altman, in a livestream broadcast discussing the new structure, said an initial public offering was the most likely path for the company’s future.

The deal is the latest move by OpenAI to integrate retail platforms into its hugely popular chatbot. PayPal stock surged on the news.

The shift establishes a nonprofit foundation overseeing a for-profit corporation, allowing the world’s most valuable startup to woo investors and secure funds.

“Traditional classifiers can have high performance, with low latency and operating cost," OpenAI said. "But gathering a sufficient quantity of training examples can be time-consuming and costly, and updating or changing the policy requires re-training the classifier."

Microsoft and OpenAI unveil a deal extending IP rights, adding independent AGI verification, and giving both sides more freedom while maintaining Azure ties.

OpenAI has rolled out another update to its Sora AI video app, one that builds on its existing video generation features with new tools designed

In late 2024, OpenAI, still recovering from the aftershock of the brief, messy ousting of Sam Altman, initiated what it hoped would be a relatively straightforward process of converting to a more traditional for-profit business that would be more appealing to investors.