Latest news with #SamAltman-run
NDTV
06-05-2025
- Business
- NDTV
OpenAI Continues To Be Overseen, Controlled By Nonprofit: Sam Altman
New Delhi: Sam Altman-run OpenAI will continue to be overseen and controlled by the nonprofit and its 'for profit LLC' will transition to a public benefit corporation (PBC), giving the nonprofit better resources to support several benefits, the company has announced. OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit. 4 facts about our structure: -OpenAI will continue to be controlled by the current nonprofit -Our existing for-profit will become a Public Benefit Corporation -Nonprofit will control & be a significant owner of the PBC -Nonprofit & PBC will continue to have the same mission — OpenAI (@OpenAI) May 5, 2025 "Going forward, it will continue to be overseen and controlled by that nonprofit. Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Public Benefit Corporation (PBC)-a purpose-driven company structure that has to consider the interests of both shareholders and the mission," the ChatGPT maker said in a statement. The nonprofit will control and also be a large shareholder of the PBC. "Our mission remains the same, and the PBC will have the same mission. We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California," said OpenAI Board chair Bret Taylor. Mr Altman said as the PBC grows, the nonprofit's resources will grow, so it can do even more. "We're excited to soon get recommendations from our nonprofit commission on how we can help make sure AI benefits everyone-not just a few. Their ideas will focus on how our nonprofit work can support a more democratic AI future, and have real impact in areas like health, education, public services, and scientific discovery," he wrote in a letter to employees. "We want our nonprofit to be the largest and most effective nonprofit in history that will be focused on using AI to enable the highest-leverage outcomes for people," he added. He said this sets them up to continue to make rapid, safe progress and to put great AI in the hands of everyone. "Creating AGI is our brick in the path of human progress; we can't wait to see what bricks you will add next," said Mr Altman.
India.com
29-04-2025
- Business
- India.com
Users Can Now Buy Products In ChatGPT; OpenAI Rolls Out Improvements To ChatGPT Search, Shopping
New Delhi: OpenAI on Tuesday announced the rollout product purchase on ChatGPT search which will be rolled out to Plus, Pro, Free, and logged-out users everywhere ChatGPT is available. The Sam Altman-run AI company said that products are selected by ChatGPT independently and are not ads. 'Users can now search for a product, compare options, and buy products in ChatGPT. People will have personalised recommendations, visual product details, pricing, and reviews for products, with direct links to buy,' said OpenAI. "Users come to ChatGPT with all kinds of questions, and one common topic is researching and buying products. Now, when a user query suggests shopping intent (e.g., 'I'm looking to buy costumes for my two dogs'), ChatGPT can display relevant product options in visually rich carousels, provide additional product details, and link users to websites where they can learn more or make a purchase - available in GPT-4o and 4o-mini," it added. OpenAI said that product appears in the visual carousel when ChatGPT perceives it's relevant to the user's intent. ChatGPT assesses intent based on the user's query and other available context, such as memories or custom instructions. Product listings shown by ChatGPT may include prices, based on third-party providers review. After clicking on that price, users may see additional pricing options from other merchants who also offer that product. Prices shown in ChatGPT's initial response typically reflect the price from the first merchant listed, which may not be the lowest available price, OpenAI said.
