… Not only did it pull in a record $57 billion in revenue — and roughly $4,000 of pure profit per second — it grew its data center business by $10 billion in a single quarter alone. …
… The effort should fail.” In court, OpenAI could argue that it engaged in self-help — such as starting its for-profit arm — because Musk left it in the lurch when he pulled promised funding from the nonprofit, says Peter Molk, a professor of law at the University of Florida. …
… Setting it up as a non-profit might, in hindsight, have been the wrong move. …
… We do see parallel for-profits, and the idea of a conversion to a for-profit and shutting down the nonprofit. …
… She also says Altman mentioned that Holden Karnofsky — a prominent tech executive and leader in effective altruism, who now works at Anthropic and is married to Anthropic co-founder Daniela Amodei — was “irked by the move to for-profit and potentially offered a more substantial amount of money if O… …
… But Prosser has been “leaking” the looming launch of a foldable iPhone in particular for years, and it seems his confidence hasn’t waned a bit.
… In 2012, our trustees realized that our competitors, many European, who were founded with similar histories as not-for-profits, had the opportunity to both do a better job funding the not-for-profit side and unleash that for-profit energy in an increasingly competitive environment. …
… Also there’s a lawsuit from Elon Musk over OpenAI’s for-profit arm that — if Musk wins — may threaten its public offering. This degree of chaos does not inspire confidence in Altman’s management skills. …
… Microsoft still owns around 27 percent of OpenAI’s for-profit arm, too, making it a major shareholder in OpenAI’s future growth. …
… It’s never earned an annual profit, and continues to lose upwards of $8,000 in gross profit for every vehicle it builds and delivers, according to its earnings reports. …