4 Sources
[1]
OpenAI names members to its nonprofit commission
April 15 (Reuters) - ChatGPT maker OpenAI named members to its newly formed nonprofit commission on Tuesday, which will guide the company's philanthropic efforts. Microsoft-backed OpenAI in December outlined a plan to revamp its corporate structure, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its existing nonprofit parent. OpenAI, which last month said it would raise up to $40 billion in a new funding round valuing the company at $300 billion, named Daniel Zingale, who has held senior leadership roles across California, as the commission's convener. Dolores Huerta, Monica Lozano, Robert Ross and Jack Oliver, all of whom have prior experience with community-based organizations, have been appointed as advisors to the new commission, formed earlier this month. "The advisors will receive learnings and input from the community on how OpenAI's philanthropy can address long-term systemic issues, while also considering both the promise and risks of AI," OpenAI said in a blog post. They will advise OpenAI's board on directing community engagement processes, drawing insights from people and organizations involved in health, science, education, and public services. The commission is expected to submit its findings to the board within 90 days. Last year, Elon Musk, who co-founded OpenAI in 2015, sued the AI startup and its CEO, Sam Altman. Musk accused OpenAI of straying from its original mission of developing AI for the benefit of humanity, and focusing on corporate profits instead. A dozen former-OpenAI employees last week filed a legal brief backing Musk's lawsuit. OpenAI countersued Musk last week, citing a pattern of harassment by him, and asking a federal judge to stop him from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution. Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi Our Standards: The Thomson Reuters Trust Principles., opens new tab Suggested Topics:Boards, Policy & RegulationSocial ImpactBoards
[2]
OpenAI names members to its nonprofit commission
ChatGPT maker OpenAI named members to its newly formed nonprofit commission on Tuesday, which will guide the company's philanthropic efforts. Microsoft-backed OpenAI in December outlined a plan to revamp its corporate structure, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its existing nonprofit parent. OpenAI, which last month said it would raise up to $40 billion in a new funding round valuing the company at $300 billion, named Daniel Zingale, who has held senior leadership roles across California, as the commission's convener. Dolores Huerta, Monica Lozano, Robert Ross and Jack Oliver, all of whom have prior experience with community-based organizations, have been appointed as advisors to the new commission, formed earlier this month. "The advisors will receive learnings and input from the community on how OpenAI's philanthropy can address long-term systemic issues, while also considering both the promise and risks of AI," OpenAI said in a blog post. They will advise OpenAI's board on directing community engagement processes, drawing insights from people and organizations involved in health, science, education, and public services. The commission is expected to submit its findings to the board within 90 days. Last year, Elon Musk, who co-founded OpenAI in 2015, sued the AI startup and its CEO, Sam Altman. Musk accused OpenAI of straying from its original mission of developing AI for the benefit of humanity, and focusing on corporate profits instead. A dozen former-OpenAI employees last week filed a legal brief backing Musk's lawsuit. OpenAI countersued Musk last week, citing a pattern of harassment by him, and asking a federal judge to stop him from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution.
[3]
OpenAI names members to its nonprofit commission
OpenAI, which last month said it would raise up to $40 billion in a new funding round valuing the company at $300 billion, named Daniel Zingale, who has held senior leadership roles across California, as the commission's convener. Dolores Huerta, Monica Lozano, Robert Ross and Jack Oliver, all of whom have prior experience with community-based organisations, have been appointed as advisors to the new commission, formed earlier this month.ChatGPT maker OpenAI named members to its newly formed nonprofit commission on Tuesday, which will guide the company's philanthropic efforts. Microsoft-backed OpenAI in December outlined a plan to revamp its corporate structure, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its existing nonprofit parent. OpenAI, which last month said it would raise up to $40 billion in a new funding round valuing the company at $300 billion, named Daniel Zingale, who has held senior leadership roles across California, as the commission's convener. Dolores Huerta, Monica Lozano, Robert Ross and Jack Oliver, all of whom have prior experience with community-based organisations, have been appointed as advisors to the new commission, formed earlier this month. "The advisors will receive learnings and input from the community on how OpenAI's philanthropy can address long-term systemic issues, while also considering both the promise and risks of AI," OpenAI said in a blog post. They will advise OpenAI's board on directing community engagement processes, drawing insights from people and organizations involved in health, science, education, and public services. The commission is expected to submit its findings to the board within 90 days. Last year, Elon Musk, who cofounded OpenAI in 2015, sued the AI startup and its CEO, Sam Altman. Musk accused OpenAI of straying from its original mission of developing AI for the benefit of humanity, and focusing on corporate profits instead. A dozen former-OpenAI employees last week filed a legal brief backing Musk's lawsuit. OpenAI countersued Musk last week, citing a pattern of harassment by him, and asking a federal judge to stop him from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution.
[4]
OpenAI names members to its nonprofit commission
(Reuters) - ChatGPT maker OpenAI named members to its newly formed nonprofit commission on Tuesday, which will guide the company's philanthropic efforts. Microsoft-backed OpenAI in December outlined a plan to revamp its corporate structure, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its existing nonprofit parent. OpenAI, which last month said it would raise up to $40 billion in a new funding round valuing the company at $300 billion, named Daniel Zingale, who has held senior leadership roles across California, as the commission's convener. Dolores Huerta, Monica Lozano, Robert Ross and Jack Oliver, all of whom have prior experience with community-based organizations, have been appointed as advisors to the new commission, formed earlier this month. "The advisors will receive learnings and input from the community on how OpenAI's philanthropy can address long-term systemic issues, while also considering both the promise and risks of AI," OpenAI said in a blog post. They will advise OpenAI's board on directing community engagement processes, drawing insights from people and organizations involved in health, science, education, and public services. The commission is expected to submit its findings to the board within 90 days. Last year, Elon Musk, who co-founded OpenAI in 2015, sued the AI startup and its CEO, Sam Altman. Musk accused OpenAI of straying from its original mission of developing AI for the benefit of humanity, and focusing on corporate profits instead. A dozen former-OpenAI employees last week filed a legal brief backing Musk's lawsuit. OpenAI countersued Musk last week, citing a pattern of harassment by him, and asking a federal judge to stop him from any "further unlawful and unfair action" against OpenAI in a court case over the future structure of the firm that helped launch the AI revolution. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
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OpenAI has appointed members to its newly formed nonprofit commission, tasked with guiding the company's philanthropic efforts. This move comes as part of a broader corporate restructuring and amidst ongoing legal disputes with co-founder Elon Musk.
OpenAI, the company behind ChatGPT, has announced the formation of a new nonprofit commission to guide its philanthropic efforts. This development comes as part of a broader restructuring of the company's corporate structure and amid ongoing legal challenges 1.
The newly formed commission will be led by Daniel Zingale, who has been appointed as the convener. Zingale brings extensive experience from his senior leadership roles across California. Additionally, four advisors with backgrounds in community-based organizations have been named to the commission: Dolores Huerta, Monica Lozano, Robert Ross, and Jack Oliver 2.
According to OpenAI, "The advisors will receive learnings and input from the community on how OpenAI's philanthropy can address long-term systemic issues, while also considering both the promise and risks of AI" 3. The commission is expected to submit its findings to the OpenAI board within 90 days.
This move is part of a larger plan announced by OpenAI in December to revamp its corporate structure. The company aims to create a public benefit corporation to manage its growing business while easing restrictions imposed by its existing nonprofit parent 4.
In a significant development, OpenAI recently announced plans to raise up to $40 billion in a new funding round, potentially valuing the company at $300 billion. This substantial valuation underscores the rapid growth and increasing influence of the AI company in the tech industry.
The formation of the nonprofit commission comes against a backdrop of legal challenges for OpenAI. Elon Musk, who co-founded the company in 2015, filed a lawsuit last year against OpenAI and its CEO, Sam Altman. Musk's lawsuit alleges that OpenAI has deviated from its original mission of developing AI for the benefit of humanity and is instead focusing on corporate profits.
Adding to the legal complexities, a dozen former OpenAI employees recently filed a legal brief supporting Musk's lawsuit. In response, OpenAI has countersued Musk, accusing him of harassment and seeking a federal judge's intervention to prevent "further unlawful and unfair action" against the company.
The establishment of this nonprofit commission represents a significant step in OpenAI's efforts to balance its rapid growth and increasing commercial success with its original mission of developing AI for the benefit of humanity. By engaging with community organizations and focusing on long-term systemic issues, OpenAI aims to address concerns about the societal impact of AI while navigating the complex landscape of AI ethics and governance.
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