OpenAI is operated by a nonprofit organization that controls an entity called OpenAI LP, a for-profit company. That for-profit company took OpenAI from effectively worthless to a valuation of ...

The Musk-led investment consortium that bid on OpenAI includes xAI Corp., Baron Capital Group Inc., Valor Management LLC, Atreides Management LP, Vy Fund III L.P. Eight Partners VC LLC and Ari ...

In 2017, the UM board approved a commitment of $100 million to Y Combinator, a VC firm based in Mountain View, Calif., that was then managed by Altman. YC focuses on investing in startups dedicated to ...

(CNN) — Elon Musk says he is prepared to drop his attempt to buy OpenAI if the ChatGPT maker maintains its current structure. “If OpenAI, Inc.’s Board is prepared to preserve the charity’s ...