Daily SumUp

OpenAI Drops For-Profit Move. What It Means for Microsoft Stock.


Listen Later

OpenAI has abandoned a plan to put its artificial-intelligence business under the control of a for-profit entity—a shift that looks likely to create a headache in its relationship with Microsoft, a major backer.


OpenAI is currently structured as a nonprofit company with a board that oversees its for-profit business. The company had intended to become a more conventional profit-seeking company, while retaining some public-benefit and nonprofit objectives.

Hosted on Acast. See acast.com/privacy for more information.

...more
View all episodesView all episodes
Download on the App Store

Daily SumUpBy Daily SumUp