Thursday, July 3, 2025

Creating liberating content

The key to early detection is awareness and regular health

Access Denied You don’t have permission to access ” on

Related News

HDB Financial Services experienced a significant surge, with shares rising over 4% to Rs 874.90 on Thursday following its successful exchange listing a day prior.As of 1.30 pm, it was

India is actively exploring the possibility of signing a social security agreement (SSA) with the United States, in a move that could offer significant financial relief to Indian professionals working

The key to early detection is awareness and regular health checkups. This apart, the HPV vaccine protects against HPV types that cause cervical, vaginal, vulvar, penile, anal, and oropharyngeal cancers,

Access Denied You don’t have permission to access ” on this server. Reference #18.27fdd417.1751527691.cc23e9b Source link

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751527488.aafd148 Source link

In a move to enhance transparency and borrower flexibility, the Reserve Bank of India (RBI) has barred banks and other regulated lenders from imposing pre-payment charges on floating rate loans

Trending News

Access Denied You don’t have permission to access ” on this server. Reference #18.4cfdd417.1751527488.aafd148 Source link

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a flat note on Thursday. While Nifty50 was above 25,500,

Top stocks to buy today (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Titagarh Rail Systems, ICICI

A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defense. Tech firms and crypto startups are moving in on

MUMBAI: Indian entrepreneur and founder of Hong Kong-based The Caravel Group, Harindarpal Singh Banga, and his family are selling around a 2.1% stake in Nykaa worth about $140.3 million (Rs

MUMBAI: RBI has mooted a unique, secure borrower identifier to avoid duplication and misreporting of data with credit bureaus, and to improve loan access for borrowers.“Credit information companies rely on

OpenAI Backtracks on Plans to Drop Nonprofit Control

Word Count: 366 | Estimated Reading Time: 2 minutes


OpenAI said on Monday that it was restructuring as a public benefit corporation, allowing the nonprofit that controls OpenAI to retain its grip on the company.

The nonprofit will be OpenAI’s largest shareholder.

Sam Altman, OpenAI chief executive, created the artificial intelligence organization with several other Silicon Valley figures, including Elon Musk, as a nonprofit in late 2015. In 2018, after Mr. Musk left in a power struggle, Mr. Altman attached OpenAI to a for-profit company so he could raise the billions of dollars needed to build A.I. technologies.

But the nonprofit retained its grip in what become an unorthodox structure that some saw as an albatross to the company’s growth. Last year, Mr. Altman and his company began working on a plan to shift control from the nonprofit to OpenAI’s investors, so that it would be more attractive to investors.

The company, however, backtracked from that plan and the nonprofit will now maintain control. The decision is a victory for OpenAI’s critics, including Mr. Musk, who said the company was too focused on profits and had abandoned its early plan to build A.I. systems with safety foremost in mind.

A public benefit corporation is often described as an organization designed to create public and social good and allows outsiders to invest in much the same way they invest in other companies.

“I am very happy we made the decision for the nonprofit to maintain control,” Mr. Altman said during an press briefing. He added that the new change “sets us up to have a more understandable structure to do the things that a company like our has to do.”

OpenAI said that it is still negotiating the nonprofit’s stake in the new corporation and that the nonprofit would pick the board members of the new corporation.

The Japanese conglomerate SoftBank recently led a $40 billion funding round in OpenAI that values the company at $300 billion. If this shift is not completed by the end of the year, SoftBank will have the option to reduce its total contribution to $20 billion, said a person familiar with the latest investment deal.

This is a developing story. Check back for updates.



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account