@www.businessinsider.com - 39d
OpenAI has announced plans to transition its for-profit arm into a Public Benefit Corporation (PBC) in Delaware, a move aimed at ensuring its long-term sustainability while maintaining its mission. This structural change is designed to balance profit generation with the company's broader goals, particularly in healthcare, education, and science, which will be pursued by its non-profit arm. The PBC structure will allow OpenAI to raise necessary capital while also maintaining a public benefit interest in its decision making. The company has also indicated the need to become an enduring company as it moves into 2025.
This transition comes with a clarified definition of Artificial General Intelligence (AGI), defining it as a system capable of generating over $100 billion in profits. This definition, agreed upon with Microsoft, is important as it triggers a clause in their agreement, granting them access to advanced models only before AGI is reached. There are reports the company may be trying to remove this clause as well. The move comes after a year in which OpenAI has experienced large losses, with the company reportedly not expected to turn a profit until 2029.
References :
- Techmeme: OpenAI says the PBC will oversee commercial operations, and the nonprofit will hire staff to pursue charitable activities in health care, education, and science (Hayden Field/CNBC)
- Techmeme: OpenAI says its board of directors is evaluating its corporate structure, including a plan to turn its for-profit arm into a Delaware Public Benefit Corporation (OpenAI)
- Analytics India Magazine: OpenAI Must Earn $100 Bn to Prove AGI’s Worth to Microsoft
- www.techmeme.com: OpenAI said Friday that in moving toward a new for-profit structure in 2025, the company will create a public benefit corporation …
- analyticsindiamag.com: Only when OpenAI’s systems generate maximum profits, the company would have achieved AGI. The post appeared first on .
- www.businessinsider.com: OpenAI has detailed its plans for a new corporate structure that would separate its business from being controlled by its nonprofit board.
- Latest from Tomshardware in Artificial-intelligence: OpenAI switching to a for-profit company to raise more cash as it continues to lose money
- Neowin: OpenAI will be transforming its for-profit into a Delaware Public Benefit Corporation
- www.engadget.com: In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public
- Quartz: OpenAI may become a for-profit because it needs 'more capital than imagined'
- Fortune | FORTUNE: OpenAI confirms plans to become a for-profit company as it looks to raise even more investor money
- Artificial intelligence (AI) | The Guardian: OpenAI lays out plan to shift to for-profit corporate structure
- Gizmodo: To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit
- the-decoder.com: OpenAI wants to turn its profit-making arm into what's called a public benefit corporation - a business model that tries to balance making money with doing good for society.
- LessWrong: Our plan is to transform our existing for-profit into a Delaware (PBC) with ordinary shares of stock and the OpenAI mission as its public benefit interest.
- PCMag Middle East ai: OpenAI says the plan “would result in one of the best-resourced non-profits in history,” and allow it to raise funds with "conventional terms," like its competitors.
- Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals: OpenAI's For-Profit Transition, Trump's AI Advisor, And Google's Code Red: This Week In AI
- www.tekedia.com: OpenAI Announces Reason For Transition to For-Profit Organization, Lays Out Plans
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@Techmeme - 46d
OpenAI's new o3 model has achieved a significant breakthrough on the ARC-AGI benchmark, demonstrating advanced reasoning capabilities through a 'private chain of thought' mechanism. This approach involves the model searching over natural language programs to solve tasks, with a substantial increase in compute leading to a vastly improved score of 75.7% on the Semi-Private Evaluation set within a $10k compute limit, and 87.5% in a high-compute configuration. The o3 model uses deep learning to guide program search, moving beyond basic next-token prediction. Its ability to recombine knowledge at test time through program execution marks a major step toward more general AI capabilities.
The o3 model's architecture and performance represents a form of deep learning-guided program search, where it explores many paths through program space. This process, which can involve tens of millions of tokens and cost thousands of dollars for a single task, is guided by a base LLM. While o3 appears to be more than just next-token prediction, it’s still being speculated what the core mechanisms of this process are. This breakthrough highlights how increases in compute can drastically improve performance and marks a substantial leap in AI capabilities, moving far beyond previous GPT model performance. The model's development and testing also revealed that it cost around $6,677 to run o3 in "high efficiency" mode against the 400 public ARC-AGI puzzles for a score of 82.8%.
References :
- arcprize.org: OpenAI's new o3 system - trained on the ARC-AGI-1 Public Training set - has scored a breakthrough 75.7% on the Semi-Private Evaluation set at our stated public leaderboard $10k compute limit.
- Simon Willison's Weblog: OpenAI o3 breakthrough high score on ARC-AGI-PUB
- Techmeme: Techmeme report about O3 model.
- TechCrunch: TechCrunch reporting on OpenAI's unveiling of o3 and o3-mini with advanced reasoning capabilities.
- Ars Technica - All content: OpenAI announces o3 and o3-mini, its next simulated reasoning models
- THE DECODER: OpenAI unveils o3, its most advanced reasoning model yet. A cost-effective mini version is set to launch in late January 2025, followed by the full version.
- www.heise.de: OpenAI's new o3 model aims to outperform humans in reasoning benchmarks
- NextBigFuture.com: OpenAI Releases O3 Model With High Performance and High Cost
- www.techmeme.com: Techmeme post about OpenAI o3 model
- @julianharris.bsky.social - Julian Harris: OpenAI announced o3 that is significantly better than previous systems, according to an independent benchmark org (The Arc Prize) that apparently got access. Only thing is it’s wildly wildly expensive to run. Like its top end system is around $10k per TASK.
- shellypalmer.com: OpenAI’s o3: Progress Toward AGI or Just More Hype?
- pub.towardsai.net: OpenAI’s O3: Pushing the Boundaries of Reasoning with Breakthrough Performance and Cost Efficiency Image Source: The world of AI continues to evolve at an astonishing pace, and OpenAI’s latest announcement has left the community buzzing with excitement.
- www.marktechpost.com: OpenAI Announces OpenAI o3: A Measured Advancement in AI Reasoning with 87.5% Score on Arc AGI Benchmarks
- www.rdworldonline.com: Just how big of a deal is OpenAI’s o3 model anyway?
- NextBigFuture.com: OpenAI O3 Crushes Benchmark Tests But is it Intelligence ?
- Analytics India Magazine: OpenAI soft-launches AGI with o3 models, Enters Next Phase of AI
- OODAloop: OpenAI’s o3 shows remarkable progress on ARC-AGI, sparking debate on AI reasoning
- pub.towardsai.net: TAI 131: OpenAI’s o3 Passes Human Experts; LLMs Accelerating With Inference Compute Scaling
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