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OpenAI's earthquake is divided in two, making a full sprint towards AGI! One half looks toward money, while the other half pretends to be idealistic.
OpenAI's for-profit division will transform into a Public Benefit Corporation (PBC) in Delaware, pursuing commercial profits; while the non-profit division will continue to focus on health, Education, and scientific charitable work. From now on, there are no obstacles for OpenAI to receive investors' money anymore! Netizens say: OpenAI has officially transformed into ClosedAI.
OpenAI Lays Out Its For-Profit Transition Plans, Says It Must Evolve To Advance Its AGI Mission
Is there still a Santa Claus rally? Understand in one article why the US stock market suddenly dropped on Friday.
Large Technology stocks are leading the decline, with Tesla once dropping over 6%, and the sell-off in QITABANKUAI is also accelerating. Aside from technical factors like profit-taking, the 10-year US Treasury yield is hovering at a seven-month high, intensifying the downward pressure on the stock market. Goldman Sachs states that by the end of the year, USA pensions will sell $21 billion in US stocks, and CTAs will sell an additional $4 billion, resulting in significant selling pressure.
Looking At Accenture's Recent Unusual Options Activity
Sam Altman's OpenAI Plans Major Restructuring to Non-Profit Structure Amid Rising Costs
10 Information Technology Stocks Whale Activity In Today's Session