OpenAI, founded in 2015 as a nonprofit by Sam Altman and Elon Musk, has transformed significantly over the years. Originally aimed at ensuring that artificial general intelligence (AGI) benefits humanity, OpenAI shifted to a “capped-profit” model in 2019, limiting profits to 100 times any investment. Recently, it announced a new structure as the OpenAI Group PCB, a public benefit corporation, while the nonprofit arm becomes the OpenAI Foundation, holding a $130 billion stake in the for-profit side. This restructuring enables OpenAI to raise capital more freely, backed by a $40 billion investment from SoftBank and an extended partnership with Microsoft until 2032. The OpenAI Foundation aims to allocate $25 billion to health and disease initiatives and enhance “AI resilience.” Despite concerns about an AI bubble—OpenAI has $1 trillion in deals but only $13 billion in revenue—the move strengthens its potential to compete with giants like Amazon and Google while pursuing AGI.
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