Statement on OpenAI’s Nonprofit and PBC
OpenAI has announced a new structure that grants equity in its Public Benefit Corporation (PBC) to its nonprofit leadership. This move is intended to enable the organization to access more than $100 billion in resources to advance the development of safe and beneficial artificial intelligence for humanity.
OpenAI has announced a new structure that grants equity in its Public Benefit Corporation (PBC) to its nonprofit leadership. This move is intended to enable the organization to access more than $100 billion in resources to advance the development of safe and beneficial artificial intelligence for humanity.
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Why it matters: This matters because it could significantly increase OpenAI's funding and capabilities, potentially accelerating progress in AI research and development.
Source: https://openai.com/index/statement-on-openai-nonprofit-and-pbc
This article was originally published at: https://openai.com/index/statement-on-openai-nonprofit-and-pbc