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OpenAI Drops Profit Cap in Bold Restructure—Microsoft’s Approval Still Pending
OpenAI Drops Profit Cap in Bold Restructure—Microsoft’s Approval Still Pending
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OpenAI just ripped off its financial training wheels. The AI lab removed its profit cap in a sweeping restructure, betting big on unfettered commercial ambition. Microsoft—OpenAI’s $10B sugar daddy—hasn’t signed off yet. Cue the regulatory side-eye.
The move signals a hard pivot from OpenAI’s original ’capped-profit’ idealism. Now it’s racing Meta, Google, and a dozen VC-funded startups to monetize AGI. Because nothing ensures ethical AI development like a gold rush.
Wall Street’s already salivating. ’This proves AI is the new oil,’ muttered one hedge fund manager between lines of cocaine. Meanwhile, ethicists are drafting their resignation letters.
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