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OpenAI may move forward with new business structure, partnership with Microsoft, regulators say
OpenAI has changed its ownership structure and become a public benefit corporation. This move allows the ChatGPT maker to profit more from its AI technology. Regulators in Delaware and California have agreed not to oppose the plan.
Microsoft and OpenAI announced the long-awaited details of their new partnership agreement Tuesday morning — with concessions on both sides that keep the companies aligned but not in lockstep as they move into their next phases of AI development.
The deal removes a major constraint on raising capital for OpenAI, which was founded as a nonprofit AI safety group.
The nonprofit arm, now called the OpenAI Foundation, will have a $130 billion stake in the for-profit enterprise.
To top it all off, TSMC's stock is relatively well-priced compared to many of its AI peers. The company's shares have a price-to-earnings ratio of 31.5, which is nearly on par with the average P/E ratio of 31 for the S&P 500 index and far lower than the tech sector's 47 average.
Celebrity video platform Cameo has filed a lawsuit against artificial intelligence company OpenAI, alleging trademark infringement over the use of the name Cameo in OpenAIs Sora video generation app.
OpenAI's latest reported change being considered to ChatGPT is drawing a wide-range of strong reactions from users.
ChatGPT-maker OpenAI urged the US government to significantly boost energy investment, warning of falling behind China in AI development. The company highlighted the immense strain AI infrastructure places on the electric grid,