OpenAI's board rejected a $97.4-billion bid by an Elon Musk-led investment group to buy the San Francisco startup. OpenAI's ...

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 organization initially operated as a nonprofit but later introduced OpenAI LP, a for-profit entity, to secure funding and scale its operations. The company has since soared 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 ...

Elon Musk and Sam Altman founded OpenAI in 2015 as a non-profit organization dedicated to developing safe artificial general intelligence. The goal was to advance AI for the benefit of humanity. In ...