When OpenAI was started in 2015, its founders (including both Sam Altman and Elon Musk) chose to make it a nonprofit. Its initial goal was to guarantee that artificial general intelligence (AGI), a ...

OpenAI adopts a for-profit structure, allowing it to operate like a traditional company and raise the billions needed to further AI development. Artificial intelligence juggernaut OpenAI announced its ...

It’s official: OpenAI is now a bona fide for-profit corporation. On Tuesday, the ChatGPT maker announced that it had restructured its for-profit arm into a public benefit corporation, a type of ...

University of Utah partners with Otro Capital to create a for-profit sports entity. The deal could generate over $500 million and reshape college sports' business model. Critics argue profit motives ...

A leading U.S. senator is calling on federal regulators to share the results of an investigation into the dialysis industry, where critics say a "duopoly" has compromised the quality of critical, ...

The professionalization of college sports is reaching a whole new level. The University of Utah is on the cusp of striking the first industry partnership with a private equity firm, reports Ross ...