{"id":195645,"date":"2024-09-04T03:22:29","date_gmt":"2024-09-04T08:22:29","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/09\/after-years-of-chasing-money-openai-reportedly-giving-up-on-being-a-nonprofit"},"modified":"2024-09-04T03:22:29","modified_gmt":"2024-09-04T08:22:29","slug":"after-years-of-chasing-money-openai-reportedly-giving-up-on-being-a-nonprofit","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/09\/after-years-of-chasing-money-openai-reportedly-giving-up-on-being-a-nonprofit","title":{"rendered":"After Years of Chasing Money, OpenAI Reportedly Giving Up on Being a \u201cNonprofit\u201d"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/after-years-of-chasing-money-openai-reportedly-giving-up-on-being-a-nonprofit2.jpg\"><\/a><\/p>\n<p>Billions of dollars worth of investment rounds later, the <a href=\"https:\/\/www.ft.com\/content\/841f6e58-b1bb-4c8e-bce0-a4c0b46ee2f8\" class=\"\"><em>Financial Times<\/em> is now reporting<\/a> that the company is finally looking to shed its nonprofit status once and for all.<\/p>\n<p>The company is reportedly in talks to raise further new funds, giving it a valuation of north of $100 billion and potentially making it one of the most valuable Silicon Valley firms ever.<\/p>\n<p>OpenAI has since denied the reporting, arguing in a statement to the FT that \u201cthe nonprofit is core to our mission and will continue to exist.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billions of dollars worth of investment rounds later, the Financial Times is now reporting that the company is finally looking to shed its nonprofit status once and for all. The company is reportedly in talks to raise further new funds, giving it a valuation of north of $100 billion and potentially making it one of [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,6],"tags":[],"class_list":["post-195645","post","type-post","status-publish","format-standard","hentry","category-economics","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/195645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=195645"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/195645\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=195645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=195645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=195645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}