Background

OpenAI Ditches Its Soul, Announces Plan to Become Even More Elites-Only Club: Report!

News 2 Sam Rogers September 1, 2024

An illustration of a giant, glowing dollar sign bursting out of the OpenAI logo, with money pouring in from above as smaller figures representing investors and tech companies (Microsoft, Apple, Nvidia) swim towards it like fish in a sea of greenbacks. In the background, a faint outline of a nonprofit mission statement can be seen being torn apart by the influx of cash.

Just when you thought OpenAI was all about making AI for the greater good, they’re now trying to get in on the crypto bros’ action by becoming a more investor-friendly company. Because what’s better than lining the pockets of wealthy tech whales while pretending to be altruistic? The ‘capped for-profit’ structure is just code for .

Source: cointelegraph

OpenAI to expand ‘capped for-profit’ status to woo whale investors: Report
https://cointelegraph.com/news/open-ai-expand-capped-for-profit-status-to-woo-whale-investors-report
OpenAI is reportedly considering altering its corporate structure to be more investor-friendly. The company is planning another funding round at a valuation of more than $100 billion.  According to a report from the Financial Times, the artificial intelligence firm is discussing altering its current “capped for-profit” structure both internally and with potential investors.  The unnamed sources claim that these talks center around OpenAI removing caps in order to allow investors […]

Tagged as:

Share on

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

More posts

Previous

Next

You may also like

Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

We are the internet’s finest destination for poking fun at the wild world of cryptocurrency! We transform the bewildering jargon and frantic hype of the crypto market into a comedy spectacle that’s almost as volatile as crypto itself.

ABOUT
CONTACT
PRIVACY
IMPRINT
© 2024 Cryptobro Magazine
X-twitter