OpenAI’s $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital. OpenAI, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research.

But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a strange contractual agreement that the startup would stop allowing Microsoft to use any new technology it develops after AGI is achieved.

OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and translates speech into text.

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent.

OpenAI whistleblower Suchir Balaji's death was ruled a suicide — but his family is calling on police to reopen their investigation, saying it "doesn't look like a normal situation."

Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to halt OpenAI's transition to a for-profit.

ChatGPT stopped functioning for many users on Thursday afternoon, with OpenAI saying that its AI app was experiencing glitches for some. The app recovered several hours later, the San Francisco-based company said.

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the nonprofit to be well funded, better sustained, and in a stronger position for the mission," OpenAI said.

To demonstrate we are still not at human-level intelligence, Chollet notes some of the simple problems in ARC-AGI that o3 can't solve. One such problem involves simply moving a colored square by a given amount -- a pattern that quickly becomes clear to a human.

OpenAI is planning to convert its for-profit arm to a public benefit corporation in Delaware "with ordinary shares of stock."

The companies reportedly signed an agreement last year that defined AGI as a system that can generate $100 billion in profits.