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OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
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OpenAI Continues To Be Overseen, Controlled By Nonprofit: Sam Altman
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, giving the nonprofit better resources to support several benefits, the company has announced
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Tesla Looks For New CEO As Elon Musk Focuses On Politics: Report
Tesla's board members met Musk, urging him to make a public commitment to focus more on Tesla, according to a report.
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TikTok's US Policy Chief Exits Amid Ongoing Ban Battle
TikTok U.S. public policy chief Michael Beckerman a key figure in its fight against a U.S. government ban plans to leave his Washington-based role and transition to a global advisory position The Information reported on Wednesday citing a staff memo
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Elon Musk's Trans Daughter Vivian Criticises Him Over Alleged Use Of Sex-Selective IVF
Vivian Jenna Wilson, Elon Musk's transgender daughter, has publicly criticized her father for allegedly using sex-selective IVF when she was conceived, and for his hurtful comments about her transition, claiming he was "tricked" into accepting her ge
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Why OpenAI Plans Transition to Public Benefit Corporation
OpenAI is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.
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Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
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This Man Completed A 9-Day Journey From Canada To Mexico Using Only Public Transport
William Hui challenged himself to travel from his hometown of Vancouver to Tijuana, Mexico, solely on public buses and trains.
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Renault To Start Autonomous Minibus Transport Services
French automaker Renault said Wednesday it will pursue developing autonomous minibuses for public transit but would stick to driving assistance features for personal cars for the time being.
-
Google Maps Makes It Easier to Find EV Chargers, Search Now Shows Sustainable Travel Options
Google has announced new feature updates to make it easier to access information on public transport as well as the availability of EV charging stations. The latest updates tailored for electric vehicles let travellers find specific information about the location of EV chargers, plan charging stops for road trips and more. Google Maps and Search no...
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The Curious Case Of Catherine, Princess Of Wales: Unravelling The Controversy
Speculation surrounding public absence of Catherine, Princess of Wales, has transitioned from a mere fascination among royal enthusiasts to a global phenomenon, igniting a plethora of theories and jokes across various social platforms, CNN reported.
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Apple Watch Ultra With microLED Display Delayed Beyond 2026 Due to Supply Constraints: Report
Apple‘s long-rumoured transition to microLED display technology for its Apple Watch series may not happen anytime soon. A new report by a Korean publication suggests that the Apple Watch Ultra with microLED display will arrive in 2027 at the earliest.
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Only Electric Bike-Taxis to Be Permitted in Delhi Under Cab Aggregator Scheme
Mandatory panic buttons in taxis, integration with emergency number '112', and phase-wise transition to EVs are some of the highlights of the Motor Vehicle Aggregator Scheme 2023 to regulate cab aggregators and delivery service providers in the national capital. Delhi Chief Minister Arvind Kejriwal approved the policy on Wednesday. A draft of the ...
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Elon Musk Removes Verified Check Mark From New York Times' Main Account
Elon Musk on Sunday removed the gold "verified" marker from the New York Times' main account, after the publication said it wouldn't pay for the company's verification service. The microblogging site's CEO made the decision via a tweet, as the platform transitioned to a paid verification scheme over the weekend.
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Apple Maps’ 3D City View Debuts in Canada’s Toronto, Vancouver, and Montreal
Apple has launched its more detailed, 3D city maps feature in Canada that was first introduced with iOS 15 in the US.
-
OpenAI Drops For-Profit Plans, Will Transition to Non-Profit-Governed Public Benefit Corporation
OpenAI has announced it will not convert into a traditional for-profit company, following legal consultations and external feedback. Instead, the firm will transition its commercial arm into a Public Benefit Corporation (PBC), ending its 100x profit cap and allowing more investor returns while maintaining its non-profit governance structure. The no...
-
OpenAI Continues To Be Overseen, Controlled By Nonprofit: Sam Altman
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, giving the nonprofit better resources to support several benefits, the company has announced
-
Tesla Looks For New CEO As Elon Musk Focuses On Politics: Report
Tesla's board members met Musk, urging him to make a public commitment to focus more on Tesla, according to a report.
-
TikTok's US Policy Chief Exits Amid Ongoing Ban Battle
TikTok U.S. public policy chief Michael Beckerman a key figure in its fight against a U.S. government ban plans to leave his Washington-based role and transition to a global advisory position The Information reported on Wednesday citing a staff memo
-
Elon Musk's Trans Daughter Vivian Criticises Him Over Alleged Use Of Sex-Selective IVF
Vivian Jenna Wilson, Elon Musk's transgender daughter, has publicly criticized her father for allegedly using sex-selective IVF when she was conceived, and for his hurtful comments about her transition, claiming he was "tricked" into accepting her ge
-
Why OpenAI Plans Transition to Public Benefit Corporation
OpenAI is planning to transition its for-profit arm into a Delaware public benefit corporation (PBC). The aim is to raise capital. While both PBCs and traditional corporations are for-profit entities, PBCs are legally required to pursue one or more public benefits, including social and environmental goals.
-
Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
-
This Man Completed A 9-Day Journey From Canada To Mexico Using Only Public Transport
William Hui challenged himself to travel from his hometown of Vancouver to Tijuana, Mexico, solely on public buses and trains.
-
Renault To Start Autonomous Minibus Transport Services
French automaker Renault said Wednesday it will pursue developing autonomous minibuses for public transit but would stick to driving assistance features for personal cars for the time being.
-
Google Maps Makes It Easier to Find EV Chargers, Search Now Shows Sustainable Travel Options
Google has announced new feature updates to make it easier to access information on public transport as well as the availability of EV charging stations. The latest updates tailored for electric vehicles let travellers find specific information about the location of EV chargers, plan charging stops for road trips and more. Google Maps and Search no...
-
The Curious Case Of Catherine, Princess Of Wales: Unravelling The Controversy
Speculation surrounding public absence of Catherine, Princess of Wales, has transitioned from a mere fascination among royal enthusiasts to a global phenomenon, igniting a plethora of theories and jokes across various social platforms, CNN reported.
-
Apple Watch Ultra With microLED Display Delayed Beyond 2026 Due to Supply Constraints: Report
Apple‘s long-rumoured transition to microLED display technology for its Apple Watch series may not happen anytime soon. A new report by a Korean publication suggests that the Apple Watch Ultra with microLED display will arrive in 2027 at the earliest.
-
Only Electric Bike-Taxis to Be Permitted in Delhi Under Cab Aggregator Scheme
Mandatory panic buttons in taxis, integration with emergency number '112', and phase-wise transition to EVs are some of the highlights of the Motor Vehicle Aggregator Scheme 2023 to regulate cab aggregators and delivery service providers in the national capital. Delhi Chief Minister Arvind Kejriwal approved the policy on Wednesday. A draft of the ...
-
Elon Musk Removes Verified Check Mark From New York Times' Main Account
Elon Musk on Sunday removed the gold "verified" marker from the New York Times' main account, after the publication said it wouldn't pay for the company's verification service. The microblogging site's CEO made the decision via a tweet, as the platform transitioned to a paid verification scheme over the weekend.
-
Apple Maps’ 3D City View Debuts in Canada’s Toronto, Vancouver, and Montreal
Apple has launched its more detailed, 3D city maps feature in Canada that was first introduced with iOS 15 in the US.
