OpenAI says it needs ‘more capital than we’d imagined’ as it lays out for-profit plan

OpenAI says it needs ‘more capital than we’d imagined’ as it lays out for-profit plan

OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation to oversee commercial operations, removing some of its nonprofit restrictions and allowing it to function more like a high-growth startup. “The hundreds of billions of dollars that major companies are now investing into AI…

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Intel CEO Pat Gelsinger ousted by board after disastrous underperformance

Intel CEO Pat Gelsinger ousted by board after disastrous underperformance

Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024.  I-Hwa Cheng | AFP | Getty Images Intel ousted CEO Pat Gelsinger over the weekend, capping a tumultuous nearly four-year tenure at what was America’s leading semiconductor company before its stock price and market share collapsed. The…

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