Sam Altman reportedly poised to get equity in OpenAI for the first time | TechCrunch
Following the abrupt departure of OpenAI’s CTO, Mira Murati, CEO Sam Altman is reportedly poised to receive equity in the company for the first time as OpenAI moves away from its longstanding nonprofit structure.
Reuters, citing people familiar with the matter, reports that OpenAI plans to restructure into a for-profit benefit corporation — similar to rivals such as Anthropic and Elon Musk’s xAI. The nonprofit OpenAI board, which currently oversees OpenAI’s for-profit operations, will relinquish control but retain a minority stake in the new for-profit OpenAI entity.
The transition is intended to make OpenAI more attractive to outside investors, who’ve chafed at the company’s current cap on returns. But it’s likely to raise concerns from the AI safety community about whether OpenAI can hold itself accountable in its pursuit of superintelligent AI.
Per Reuters, much of the restructuring plan’s details — and timeline — are still being hashed out.
WordPress drama went up another notch today after WordPress.org, the free-open source web content hosting software, banned web hosting provider WP Engine from accessing their resources. In a post on…
OpenAI’s chief research officer, Bob McGrew, and a research VP, Barret Zoph, left the company on Wednesday, hours after OpenAI CTO Mira Murati announced she would be departing. CEO Sam…
Japan has always been a strong market for bringing technology into the experience of consuming food, and now one of the startups leading on this idea is attracting investors from…
When seed-focused Pear VC raised a $432 million fund last year, the firm co-founder Pejman Nozad said that it meant his firm had reached its “own product-market-fit.” That fourth fund…
Unsurprisingly, AI companies dominated the day, with startups looking to apply the technology to problems like estate planning and automating clinical trial data.
Following the abrupt departure of OpenAI’s CTO, Mira Murati, CEO Sam Altman is reportedly poised to receive equity in the company for the first time as OpenAI moves away from…
Meta Connect 2024 is a developer-centric event featuring a keynote from CEO Mark Zuckerberg. He showcased new hardware and software to support two of Meta’s big ambitions: AI and the…
Three years ago, Mark Zuckerberg’s big day was a flop. At his company’s annual developer conference — then called Facebook Connect — he unveiled his grand plans to turn his…
Meta says it’s working to make it easier for mobile developers to make the shift to Meta’s Horizon OS.
The Orion glasses, which are notably significantly smaller than Snap’s recently announced Spectacles 5, are true AR.
Y Combinator CEO Garry Tan wants to bring the famed accelerator’s Demo Day presentations back as in-person events by the end of the year. During Tan’s opening remarks during Wednesday’s…
Meta’s next-gen Orion AR glasses come with a wrist-worn “neural interface” for navigation and control.
The Ray-Ban Meta smart glasses got an update with new familiar smartphone features and AI capabilities coming later in 2024.
Onstage during its Connect 2024 developer conference, Meta showed Hyperspace, a feature that lets users scan real-life spaces and explore them in VR.
At its annual Meta Connect event on Wednesday, Meta CEO Mark Zuckerberg announced that the company has rebuilt its social apps for mixed reality. “We’ve got all new Instagram and…
Canva just announced new enhancements to its developer platform, such as including premium apps with its Pro subscription, a translation feature for apps, better discovery mechanisms, and new API functionalities.…
Meta announced that Meta AI will now be able to help you edit photos using AI technology as well as answer questions about the photos you share.
With the update, users will be able to use prompts to generate AI photos directly in their feed, Stories, and for their Facebook profile pictures.
Meta is now allowing businesses to create ads that, when clicked, bring up a chatbot customers can speak with about common topics.
Meta is bringing a voice mode to its AI assistant, Meta AI, along with an Meta AI-powered translation feature for Instagram Reels.
With the budget Quest 3S now up for preorder, Meta will no longer sell the Quest 2 and Quest Pro once back stock is deleted.
The strategy is to create consumer agents, but then use those to inform how they train agents in the enterprise.
Back in 2019, Microsoft launched Dapr, a new open source project that made building event-driven distributed applications easier for developers. Like so many popular open source projects, Dapr spawned its…
