public benefit corporation
OpenAI CFO Confirms No Immediate Plans for IPO While Seeking Government Support for AI Chip Financing
Nov 06, 2025 11:32 am CST
OpenAI's Chief Financial Officer Sarah Friar has dismissed immediate IPO plans despite previous reports suggesting a potential trillion-dollar valuation. Following a major corporate restructuring valued at $500 billion, the company is focusing on scaling operations and seeking US government support to guarantee financing for AI chips, which would reduce costs and increase loan-to-value ratios for their expanding data center investments.
Carnegie Mellon Professor Leads Critical AI Safety Panel at OpenAI with Authority to Block Unsafe Releases
Nov 03, 2025 02:19 am CST
Carnegie Mellon professor Zico Kolter heads OpenAI's Safety and Security Committee, a crucial oversight panel with authority to halt AI releases deemed unsafe. As OpenAI transitions to a new business structure, Kolter's role gains significance in ensuring safety concerns outweigh financial considerations in the development of powerful AI systems. The panel addresses both existential risks and immediate concerns like mental health impacts of AI interaction.
Microsoft Maintains 27% Stake in OpenAI as Companies Restructure $135 Billion AI Partnership
Oct 28, 2025 11:39 pm CST
Microsoft and OpenAI have restructured their landmark AI partnership, with Microsoft retaining a 27% stake valued at $135 billion while OpenAI transitions to a public benefit corporation. The new agreement provides both companies greater independence while maintaining collaboration through 2032, with OpenAI committing to $250 billion in Azure cloud services and gaining freedom to develop products with third parties.