OpenAI Deal Lets Employees Sell Shares at $86 Billion Valuation
OpenAI, the artificial intelligence research lab, has recently finalized a groundbreaking deal that allows its employees to sell shares in the company at a valuation of $86 billion, as confirmed by a source familiar with the matter. This move marks a significant development for both the company and its...
Read more
Musk’s Track Record, OpenAI Success Are Focus of Potential xAI Investors
Potential investors in Elon Musk’s new artificial intelligence startup, xAI, are closely eyeing the achievements of its biggest competitor, OpenAI, as a key factor in their decision-making process. The early success of OpenAI is serving as a benchmark for xAI as it aims to carve out its own space...
Read more
OpenAI’s nonprofit arm showed revenue of $45,000 last year, even though company is worth billions
OpenAI’s nonprofit branch disclosed a modest revenue of $45,000 for the past year, a stark contrast to the company's staggering valuation of $86 billion, primarily attributed to the success of ChatGPT. The nonprofit's financial details surfaced through its 990 filing with the Internal Revenue Service (IRS), mandated for organizations...
Read more
Sam Altman Officially Returns to OpenAI—With a New Board Seat for Microsoft.
In a significant development that marks a homecoming for one of its co-founders, Sam Altman has officially returns to OpenAI, a leading artificial intelligence research laboratory. What makes this announcement even more noteworthy is Altman's appointment to a new board seat, representing technology giant Microsoft. This strategic move not...
Read more
OpenAI brings Sam Altman back as CEO less than a week after he was fired by board.
In a sudden and unexpected turn of events, OpenAI, the renowned artificial intelligence research laboratory, has reappointed Sam Altman back as CEO less than a week after he was dismissed by the board. The decision has sent shockwaves through the tech community, sparking speculation and curiosity about the circumstances...
Read more
