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Slack has raised our charges by $195k per year

news.ycombinator.com Unknown 2025-09-18 01:37:11

For nearly 11 years, Hack Club - a nonprofit that provides coding education and community to teenagers worldwide - has used Slack as the tool for communication. We weren’t freeloaders. A few years ago, when Slack transitioned us from their free nonprofit plan to a $5,000/year arrangement, we happily paid. It was reasonable, and we valued the service they provided to our community. However, two days ago, Slack reached out to us and said that if we don’t agree to pay an extra $50k this week and $

Topics: free nonprofit slack small years
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Microsoft and OpenAI announce the 'next phase' of their partnership

engadget.com Unknown 2025-09-27 08:52:47

Microsoft and OpenAI have issued a joint statement to say that they have signed a non-binding memorandum of understanding for the "next phase" of their partnership. The companies are still finalizing the terms of agreement and haven't shared the details of what their future would look like exactly. But according to The New York Times, the deal includes hows the parties share technology and and the revenue from those technologies. The new agreement also reportedly modifies the clause in the origi

Topics: agreement microsoft nonprofit openai profit
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OpenAI secures Microsoft’s blessing to transition its for-profit arm

techcrunch.com Maxwell Zeff 2025-09-27 08:18:29

OpenAI announced Thursday it reached a non-binding agreement with Microsoft, its largest investor, on a revised partnership that would allow the startup to convert its for-profit arm into a public benefit corporation (PBC). The transition, should it be cleared by state regulators, could allow OpenAI to raise additional capital from investors and, eventually, become a public company. In a blog post, OpenAI Board Chairman Bret Taylor said under the non-binding agreement with Microsoft, OpenAI’s

Topics: microsoft musk nonprofit openai startup
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OpenAI and Microsoft sign preliminary deal to revise partnership terms

arstechnica.com Unknown 2025-09-27 13:27:53

On Thursday, OpenAI and Microsoft announced they have signed a non-binding agreement to revise their partnership, marking the latest development in a relationship that has grown increasingly complex as both companies compete for customers in the AI market and seek new partnerships for growing infrastructure needs. "Microsoft and OpenAI have signed a non-binding memorandum of understanding (MOU) for the next phase of our partnership," the companies wrote in a joint statement. "We are actively wo

Topics: companies company microsoft openai profit
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OpenAI says nonprofit parent will own equity stake in company of over $100 billion

cnbc.com Ashley Capoot 2025-09-27 17:49:16

Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion. The artificial intelligence startup, recently valued at $500 billion, said this structure will make the nonprofit "one of t

Topics: company microsoft nonprofit openai said
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OpenAI Gets Conspiracy-Brained, Sues Nonprofits

gizmodo.com Aj Dellinger 2025-10-13 21:15:25

Sam Altman and Elon Musk have been locked in an ongoing standoff over the fact that OpenAI has operated like a for-profit business despite its nonprofit status. The fight, which has been ongoing in the court of public opinion for years and in the actual courts for months, is starting to rack up collateral damage. According to a report from the San Francisco Standard, critics of OpenAI have started receiving subpoenas from the AI firm over what the company’s leadership seems to believe is a consp

Topics: ai company musk nonprofit openai
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Indie App Spotlight: ‘Profit’ is an excellent investment tracker for iPhone, iPad, and Mac

9to5mac.com Michael Burkhardt 2025-10-17 12:30:00

Welcome to Indie App Spotlight. This is a weekly 9to5Mac series where we showcase the latest apps in the indie app world. If you’re a developer and would like your app featured, get in contact. If you’re someone who invests, things can easily become messy, and you can end up with a wide variety of brokerage accounts for varying purposes. Profit makes tracking everything a whole lot easier, bringing everything together in one cohesive and beautifully designed interface for iOS and macOS. It does

Topics: 99 app like profit track
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Advice for Tech Non-Profits

news.ycombinator.com Unknown 2025-11-02 09:30:45

August 20, 2025 My family and I regularly contribute to various philanthropic causes. In the range of contributions we make, I've noticed that technical non-profits are far and away the worst at attracting eager donors like myself when compared to other causes. In this blog post, I'll share what I've learned from my own activity with other causes as well as what I've learned from spending more time with donors in general. This blog post will be biased towards larger donations, but I think many

Topics: donors non profit profits technical
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Court blocks FTC investigation into Media Matters' alleged scheme against X

engadget.com Unknown 2025-11-09 22:00:21

The court has blocked the Federal Trade Commission's investigation into Media Matters, the media nonprofit that previously published research showing that ads appeared on X alongside neo-Nazi and other antisemitic content. In 2023, Elon Musk's X filed a lawsuit against the media watchdog following an advertiser exodus. It accused Media Matters of "knowingly and maliciously manufactur[ing] side-by-side images depicting advertisers' posts on X Corp.'s social media platform beside Neo-Nazi and whit

Topics: ftc group matters media nonprofit
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Exit Tax: Leave Germany before your business gets big

news.ycombinator.com Oliver Eidel 2025-11-26 05:06:50

Here’s an interesting take on Germany’s exit tax, which I have written about before: Leave Germany before your business gets big. What do I mean by that? I mean that once you’re a business owner in Germany and your business has reached a certain size, you are essentially barred from ever moving out of the country again. Crazy, right? I think it’s also pretty crazy that no one really talks about this. This is, quite literally, erecting a “Berlin Wall” around German entrepreneurs, forcing them

Topics: business exit germany profitable tax
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Block shares pop on full-year guidance boost

cnbc.com Mackenzie Sigalos 2025-11-26 22:44:20

Block shares jumped 6% in extended trading on Thursday after the fintech company increased its forecast for the year. Here is how the company did, compared to analysts' consensus estimates from LSEG. Earnings per share: 62 cents adjusted vs. 69 cents expected 62 cents adjusted vs. 69 cents expected Revenue: $6.05 billion vs. $6.31 billion expected Revenue fell close to 2% from $6.16 billion a year earlier. Block said gross profit rose 14% from a year earlier to $2.54 billion, beating analyst

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The Money OpenAI Is Making by Betraying Its Nonprofit Roots Is Obscene

futurism.com Unknown 2025-11-30 11:10:40

OpenAI was founded as a nonprofit research institute, dedicated to realizing an "artificial general intelligence" that benefits all of humanity. In a December 2015 blog post introducing the company, its founders, including current CEO Sam Altman and his now bitterly-departed rival Elon Musk, said that to accomplish its goal, it would have to be "unconstrained by a need to generate financial return." "Since our research is free from financial obligations, we can better focus on a positive human

Topics: ai company financial openai profit
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Samsung's profit more than halves, missing expectations as chip business plunges 94%

cnbc.com Dylan Butts 2025-12-13 00:33:13

Samsung Electronics on Thursday reported a second-quarter operating profit of 4.7 trillion Korean won, missing expectations, weighed by a 93.8% profit slump in its chip business. While Samsung's second-quarter operating profit beat its own forecast of around 4.6 trillion won, it was a steep drop from the 10.44 trillion won recorded in the same period last year. The South Korean technology giant posted a quarterly revenue of 74.6 trillion won, up slightly from 74.07 trillion won a year earlier

Topics: 74 profit trillion won year
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For-Profit Hospital Chain Reportedly Left Patient Lying in Pool of His Own Blood

futurism.com Unknown 2026-01-03 11:30:41

Image by Getty / Futurism For-profit rehabilitation hospitals are booming in the United States, but their rapid growth is leaving patient safety far behind. The US post-acute care industry, which deals with rehab and long-term care facilities, was worth an estimated $483 billion in 2024, and is expected to grow to over $785 billion by 2034. On paper, it's easy to assume all that business potential would translate to quality care. Unfortunately, for thousands of patients across the country, th

Topics: care encompass patients profit rehab
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OpenAI May Have Screwed Up So Badly That Its Entire Future Is Under Threat

futurism.com Unknown 2026-02-26 23:00:08

OpenAI May Have Screwed Up So Badly That Its Entire Future Is Under Threat Battle of the titans. Forgiveness or Permission In its quest to become a for-profit entity, OpenAI may have catastrophically fumbled the bag with its patron Microsoft. As the Financial Times reports based on insider interviews, Microsoft is ready to walk away from the frustrating negotiations with OpenAI as both parties seek to renew their partnership amid the latter's for-profit push. Earlier in the week, the Wall St

Topics: ai deal microsoft openai profit
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