Their names and purposes buzz with idealism. There is Ventures in Development, whose goal is to raise incomes in western China’s rural Hunan province by helping local farmers to tap export markets.

OpenAI has completed its restructuring into a nonprofit with a controlling equity stake in its for-profit business. The nonprofit holds an equity stake currently worth about $130 billion in its ...

It’s been 10 years since OpenAI was set up as a nonprofit by Sam Altman, Elon Musk, and other software developers and investors, friends, and rivals who didn’t quite trust each other to run a ...

OpenAI has completed a restructuring of the company that now leaves it broken into two distinct businesses: a non-profit called the OpenAI Foundation, and a for-profit called OpenAI Group PBC.

(Bloomberg) -- OpenAI is giving its long-time backer Microsoft Corp. a 27% ownership stake as part of a restructuring plan that took nearly a year to negotiate, removing a major uncertainty for both ...