It’s looking increasingly likely that OpenAI will soon alter its complex corporate structure. Reports earlier this week suggested that the AI company was in talks to raise $ 6.5 billion at a $ 150 billion pre-money valuation. Now Reuters says the deal is contingent on whether OpenAI can restructure and remove a profit cap for […]
NCT 127 Fan Robbed Of First Row Tickets After Sudden Change In Stage Structure
NCT 127 will soon be holding their 8th-anniversary fan meeting, 8ECRET INVITATION. Fans were in high anticipation of the special event to be held on August 3 and 4, 2024. As tickets were hard to fight for, those who managed to score seats were overjoyed. One such fan had cold water poured over them when […]
Sam Altman gives up control of OpenAI Startup Fund, resolving unusual corporate venture structure
OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Hathaway, OpenAI confirmed to TechCrunch. The OpenAI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. The arrangement could have presented a major issue to the company if he had not […]
These founders want a more ethical company structure for startups
I’ve long argued that VCs getting excited about climate change is scary and that the goal of a startup is to stop existing. But I haven’t been particularly successful at outlining what startup founders can actually do to build a more sustainable company in a world hurtling toward a climate crisis. Enter Amit Paul and […]