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OPENAI CORPORATE RESTRUCTURE
Elon Musk wanted $80 billion to colonise Mars, OpenAI president testifies at trialElon Musk sought complete control of OpenAI to fund his Mars colonisation dream. He aimed to raise $80 billion for a Martian city. This rev...06 May, 2026, 12.59 AM IST- India’s real estate will meet the reality of agentic AIIndia’s IT slowdown, driven by AI-driven automation and shrinking outsourcing demand, is beginning to hit real estate, mortgages, and emplo...29 Apr, 2026, 12.01 PM IST
- Musk–Altman trial opens: Revisiting OpenAI’s shift from nonprofit to for-profitA major legal battle begins Tuesday in Oakland. Elon Musk is suing Sam Altman and OpenAI. Musk claims OpenAI abandoned its nonprofit roots ...27 Apr, 2026, 07.57 PM IST
- Elon Musk's trial against Sam Altman to reveal the ongoing power struggle for OpenAIA major legal battle is unfolding between Elon Musk and AI giant OpenAI. Internal documents, including a co-founder's diary, are central to...27 Apr, 2026, 03.52 PM IST
- xAI exodus: Why cofounders left, and Musk’s comeback planThe reasons for the exit of eight cofounders of Elon Musk-led AI startup xAI are many, including SpaceX’s merger with xAI, exhaustion linke...12 Apr, 2026, 01.27 PM IST
- TCS Q4 FY26: Attrition rises to 13.7%; 2,356 employees added during the quarterTCS Q4 FY26: Alongside workforce adjustments, the IT major highlighted continued investments in employee upskilling. It also unveiled wage ...10 Apr, 2026, 08.19 AM IST
- OpenAI is not working on an IPO yet: CFOOpenAI’s CFO Sarah Friar said an IPO is not planned soon, stressing the focus on scaling operations instead. Her remarks follow reports of ...06 Nov, 2025, 07.41 AM IST
- The OpenAI makeover: What it means for the ChatGPT parent & partner MicrosoftOpenAI has officially transitioned to a for-profit entity, now known as OpenAI Group PBC, a public benefit corporation. This significant sh...29 Oct, 2025, 03.24 PM IST
- OpenAI may move forward with new business structure, partnership with Microsoft, regulators sayOpenAI has changed its ownership structure and become a public benefit corporation. This move allows the ChatGPT maker to profit more from ...29 Oct, 2025, 08.43 AM IST
- Explained: OpenAI and Microsoft's new agreement allowing major restructuringOpenAI can now restructure its operating arm into a public benefit corporation with the nonprofit parent maintaining control. It would prov...12 Sep, 2025, 11.55 AM IST
- Group that opposed OpenAI's restructuring raises concerns about new revamp planA group opposing OpenAI's restructuring argues the revised plan still inadequately safeguards against dangerous AI development. They claim ...15 May, 2025, 04.59 PM IST
- ChatGPT maker OpenAI negotiates with Microsoft to facilitate new funding, IPO: FT reportOpenAI, backed by Microsoft's $13 billion investment, is reportedly renegotiating its deal with the software giant. The aim is to restructu...11 May, 2025, 07.12 PM IST
- Elon Musk vs OpenAI's Sam Altman, one of the biggest lawsuits in U.S history, gets backing from the 'godfather' of AI; here's what he saidIn a latest and huge development it has been known that Tesla CEO Elon Musk has got backing from someone who is known as the Godfather of A...31 Dec, 2024, 08.08 PM IST
- OpenAI in talks with California to become for-profit company: reportA shift to being a for-profit company would mark a drastic reversal in governance structure for the AI pioneer, which was founded in 2015 a...05 Nov, 2024, 08.35 AM IST
- OpenAI chair says board has discussed equity compensation for CEO Sam AltmanAltman, who cofounded the company in 2015, has not taken a stake in OpenAI up to this point. Already a billionaire from his multiple startu...27 Sep, 2024, 12.06 PM IST
- OpenAI departures from company not linked to restructuring: CEO Sam AltmanOpenAI CEO Sam Altman clarified that the recent exits of top executives, including CTO Mira Murati and President Greg Brockman, are unrelat...26 Sep, 2024, 06.26 PM IST
- OpenAI to remove non-profit control and give Sam Altman equityChief executive Sam Altman will also receive equity for the first time in the for-profit company, which could be worth $150 billion after t...26 Sep, 2024, 07.52 AM IST
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