Published on: 2025-06-12 08:17:34
Temu's Chinese owner sees profits plunge as trade war bites PDD Holdings, the Chinese owner of online shopping platform Temu, has reported a near 50% drop in profit as US President Donald Trump's trade policies added to its struggles in its home country. US-listed shares of the e-commerce giant fell by more than 13% on Tuesday, after the firm said its profits for the first three months of the year fell to 14.74bn yuan ($2.05bn , £1.5bn). Earlier this month, the Trump administration ended the
Keywords: chinese fell owner pdd profits
Find related items on AmazonPublished on: 2025-06-23 13:10:22
British retailer giant Marks & Spencer (M&S) is bracing for a potential profit hit of up to £300 million £300 million ($402 million) following a recent cyberattack that led to widespread operational and sales disruptions. In a Wednesday filing with the London Stock Exchange, the company cited losses related to recovery efforts, systems downtime, and significant sales disruptions. While the full scope of the breach is still under investigation, M&S has confirmed that online retail systems are s
Keywords: online profit sales scattered spider
Find related items on AmazonPublished on: 2025-07-07 06:41:02
OpenAI CEO Sam Altman speaks next to SoftBank CEO Masayoshi Son after U.S. President Donald Trump delivered remarks on AI infrastructure at the Roosevelt Room in the White House in Washington on Jan. 21, 2025. OpenAI said last week that it would restructure in a format that allows its non-profit entity to retain ultimate control, a plan that on Tuesday received the blessing of one of the U.S. artificial intelligence startup's biggest backers — Japanese giant SoftBank. The endorsement of SoftBa
Keywords: control openai profit restructure softbank
Find related items on AmazonPublished on: 2025-07-16 08:30:49
So much for that. Money Matters OpenAI may be raking in the investor dough, but thanks in part to erstwhile cofounder Elon Musk, the company won't be going entirely for-profit anytime soon. In a blog post this week, the Sam Altman-run company announced that it would remain under the control of its original non-profit governing board as it shifts its planned restructuring efforts of its for-profit arm. "Our for-profit LLC, which has been under the nonprofit since 2019, will transition to a Pu
Keywords: company mission musk openai profit
Find related items on AmazonPublished on: 2025-07-17 01:39:43
OpenAI has abandoned its controversial restructuring plan. In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board that currently oversees operations. "We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California," said Bret Taylor, the chairman of
Keywords: company control nonprofit openai profit
Find related items on AmazonPublished on: 2025-07-17 13:30:08
OpenAI said on Monday it is pursuing a new restructuring plan after conversations with Delaware and California’s attorneys general, both of whom were closely watching as OpenAI tried to break free of its odd corporate structure. Currently, OpenAI’s nonprofit board governs the organization’s for-profit operations. Under the new plan, OpenAI’s for-profit arm will become a public benefit corporation (PBC), but will still be controlled by OpenAI’s nonprofit. The new restructuring plan may be enoug
Keywords: company new nonprofit openai plan
Find related items on AmazonPublished on: 2025-07-18 14:15:00
Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust What just happened? OpenAI and Sam Altman have decided that becoming a for-profit entity is more trouble than it's worth. The CEO has announced that the nonprofit arm will continue to control the company as it becomes a public benefit corporation. OpenAI made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with the offices of the Attorneys G
Keywords: altman company nonprofit openai profit
Find related items on AmazonPublished on: 2025-07-18 12:08:41
OpenAI says non-profit will remain in control after backlash 5 hours ago Share Save Natalie Sherman BBC News Share Save Getty Images OpenAI, the parent of artificial intelligence service ChatGPT, has announced a new governance plan after a bitter power struggle over the business. Boss Sam Altman said OpenAI would remain under the control of its for-profit board, while becoming what is known in the US as a public benefit corporation. Mr Altman had put forward a similar plan in December - but w
Keywords: altman non openai profit said
Find related items on AmazonPublished on: 2025-07-19 01:26:05
OpenAI on Monday announced a proposed restructuring that would give its nonprofit arm ongoing control of ChatGPT and the rest of the startup’s AI products. The move is a reversal of an earlier announcement which called for the nonprofit to relinquish its authority to a newly created public-benefit corporation. The proposed company structure has to be approved by the attorney general offices in California and Delaware by early next year. Up to $30 billion in funding from SoftBank and other inves
Keywords: blog general musk nonprofit openai
Find related items on AmazonPublished on: 2025-07-19 05:45:50
OpenAI CEO Sam Altman has been working on wriggling out from under the control of the company’s nonprofit board ever since they (briefly) fired him. But, after several efforts to prevent the move, including a lawsuit filed by OpenAI co-founder Elon Musk, the company announced on Monday that it will keep its structure for now. The desire to ditch its nonprofit structure stems primarily from one thing: money. Being organized as a nonprofit means that OpenAI isn’t driven by providing a return on i
Keywords: board company money nonprofit openai
Find related items on AmazonPublished on: 2025-07-19 05:18:31
On Monday, ChatGPT-maker OpenAI announced it will remain under the control of its founding nonprofit board, scrapping its controversial plan to split off its commercial operations as a for-profit company after mounting pressure from critics. In an official OpenAI blog post announcing the latest restructuring decision, CEO Sam Altman wrote: "We made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with the offices of the Attorneys General
Keywords: company musk nonprofit openai plan
Find related items on AmazonPublished on: 2025-07-19 13:05:00
OpenAI has decided that its nonprofit division will retain control over its for-profit org, after the company initially announced that it planned to convert to a for-profit organization. According to the company, OpenAI’s business wing, which has been under the nonprofit since 2019, will transition to a public benefit corporation (PBC). The nonprofit will control and also be a large shareholder of the PBC. “OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprof
Keywords: ai company nonprofit openai profit
Find related items on AmazonPublished on: 2025-07-22 20:00:00
Last October, the news that OpenAI was planning to simplify its unusual nonprofit structure caught the attention of economic-justice activist Orson Aguilar. He feared that the ChatGPT maker’s plan to transition into a more conventional company, from which investors could generate unlimited returns, would financially hurt the working-class communities he has spent nearly 30 years fighting to protect. Aguilar’s new organization, LatinoProsperity, focuses on intergenerational wealth building, and
Keywords: aguilar ai nonprofit openai startup
Find related items on AmazonPublished on: 2025-07-23 13:50:18
Block reported first-quarter results that missed Wall Street expectations on Thursday and issued a disappointing outlook. The stock tumbled 15% in extended trading. Here is how the company did, compared to analysts' consensus estimates from LSEG. Earnings per share: 56 cents, adjusted. That figure may not be comparable to estimates. 56 cents, adjusted. That figure may not be comparable to estimates. Revenue: $5.77 billion vs. $6.2 billion expected Revenue decreased about 3% from $5.96 billio
Keywords: billion gross profit quarter year
Find related items on AmazonPublished on: 2025-08-13 00:52:40
good-karma-kit 😇 A Docker Compose bundle to run on servers with spare CPU, RAM, disk, and bandwidth to help the world. Includes Tor, ArchiveWarrior, BOINC, and more... good-karma-kit 😇 A Docker Compose bundle to run on servers with spare CPU, RAM, disk, and bandwidth to help the world. Includes Tor, ArchiveWarrior, BOINC, and more... The Good Karma Kit A Docker Compose project to run on servers with spare CPU, disk, and bandwidth. Help the world by contributing your unused computing power to
Keywords: com docker https image profit
Find related items on AmazonPublished on: 2025-08-19 13:28:27
is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. OpenAI has revealed the “advisors” for its new nonprofit commission: Dolores Huerta, Monica Lozano, Dr. Robert K. Ross, and Jack Oliver. The company says the four advisors will help “inform OpenAI’s philanthropic efforts,” according to an announcement on Tuesday. Huerta was a prominent labor activist during the 20th century, while Lozano was the pr
Keywords: commission help nonprofit openai says
Find related items on AmazonPublished on: 2025-08-24 13:43:03
A group of ex-OpenAI employees on Friday filed a proposed amicus brief in support of Elon Musk in his lawsuit against OpenAI, opposing OpenAI’s planned conversion from a non-profit to a for-profit corporation. The brief names twelve former OpenAI employees: Steven Adler, Rosemary Campbell, Neil Chowdhury, Jacob Hilton, Daniel Kokotajlo, Gretchen Krueger, Todor Markov, Richard Ngo, Girish Sastry, William Saunders, Carrol Wainwright, and Jeffrey Wu. It makes the case that, if OpenAI’s non-profit
Keywords: brief mission nonprofit openai profit
Find related items on AmazonPublished on: 2025-08-28 06:57:00
What just happened? The long-running drama between OpenAI and Elon Musk took another turn today when the ChatGPT maker filed a countersuit against the world's richest person. OpenAI claims Musk has engaged in various actions to damage and disrupt the company, including public posts and a "sham" takeover bid. OpenAI's lawyers said in the new lawsuit that Musk should be enjoined from further unlawful and unfair action against the firm, and held responsible for the damage he has already caused. "
Keywords: company elon musk openai profit
Find related items on AmazonPublished on: 2025-08-28 03:24:55
The dramatic suit between OpenAI and its estranged co-founder, billionaire Elon Musk, shows no sign of letting up. In a filing Wednesday, attorneys for OpenAI and the other defendants in the case, including CEO Sam Altman, called for Musk to be enjoined from “further unlawful and unfair action” and “held responsible for the damage he has already caused” to the defendants. “OpenAI is resilient,” reads the filing for a countersuit. “But Musk’s actions have taken a toll. Should his campaign persi
Keywords: mission musk nonprofit openai profit
Find related items on AmazonPublished on: 2025-08-28 08:24:55
The dramatic suit between OpenAI and its estranged co-founder, billionaire Elon Musk, shows no sign of letting up. In a filing Wednesday, attorneys for OpenAI and the other defendants in the case, including CEO Sam Altman, called for Musk to be enjoined from “further unlawful and unfair action” and “held responsible for the damage he has already caused” to the defendants. “OpenAI is resilient,” reads the filing for a counter-suit. “But Musk’s actions have taken a toll. Should his campaign pers
Keywords: mission musk nonprofit openai profit
Find related items on AmazonPublished on: 2025-08-28 13:24:55
The dramatic suit between OpenAI and its estranged co-founder, billionaire Elon Musk, shows no sign of letting up. In a filing Wednesday, attorneys for OpenAI and the other defendants in the case, including CEO Sam Altman, called for Musk to be enjoined from “further unlawful and unfair action” and “held responsible for the damage he has already caused” to the defendants. “OpenAI is resilient,” reads the filing. “But Musk’s actions have taken a toll. Should his campaign persist, greater harm i
Keywords: mission musk nonprofit openai profit
Find related items on AmazonPublished on: 2025-08-28 17:25:48
A group of organizations, including nonprofits like LatinoProsperity and labor groups like the California Teamsters, are petitioning California Attorney General Rob Bonta to stop OpenAI from becoming a for-profit entity, The Los Angeles Times reports. OpenAI announced plans to transition to a public-benefit corporation in 2024, and reportedly has two years to pull it off or risk a large portion of the money its raised become debt. The group's primary concerns are that OpenAI "failed to protect
Keywords: company like openai petition profit
Find related items on AmazonPublished on: 2025-09-03 13:25:36
With the recent flurry of US federal firings, many people are pointing and laughing at the Trump-voting federal employees who are just now finding out that they’ve voted for themselves to be let go. How could you have this poor a mental model of what your job even is? Well. In my opinion, many software engineers are operating under a mental model that’s just as bad, and are often doing the equivalent of voting for the person promising to fire them. I won’t quote the tweets, but I regularly see
Keywords: companies company money profit work
Find related items on AmazonPublished on: 2025-09-09 09:19:02
As it prepares to transition from a nonprofit corporation to a for-profit, OpenAI says it’s convening a group of experts to “help OpenAI’s philanthropy understand the most urgent and intractable problems nonprofits face today.” This group, which OpenAI says will incorporate feedback from “leaders and communities” in health, science, education, and public services, particularly within OpenAI’s home state of California, will be announced in April and submit insights to OpenAI’s board of directors
Keywords: board corporation nonprofit openai profit
Find related items on AmazonPublished on: 2025-09-10 00:52:01
A quarter century after its inception — and less than a year after its "full-throated" defense of artificial intelligence in writing — the nonprofit behind the annual National Novel Writing Month (NaNoWriMo) challenge is closing its doors. Kilby Blades, a romance author serving as NaNoWriMo's interim executive director, announced in a video and in emails posted to social media that the nonprofit, which challenged participants to crank out a draft for a novel every November, would be shuttering
Keywords: ai nanowrimo nonprofit use writing
Find related items on AmazonPublished on: 2025-09-12 09:32:38
NaNoWriMo, a twenty-five-year-old online writing community-turned-nonprofit, announced on Monday evening that it is shutting down. NaNoWriMo — an abbreviation of National Novel Writing Month — is an annual challenge for writers to complete a rough draft of a novel during the month of November. After starting as a Yahoo! mailing list in 1999, the project grew into a self-described “internet-famous” writing challenge with hundreds of thousands of participants over more than two decades. The orga
Keywords: community nanowrimo nonprofit writers writing
Find related items on AmazonPublished on: 2025-09-28 18:14:46
After Wednesday’s verdicts were read, Judge Nancy Brasel ordered that Ms. Bock and Mr. Said remain in jail to await their sentencing, according to a report from the courtroom by The Sahan Journal, a nonprofit newsroom. The charges carry potential sentences of more than a decade in prison. The fraud scheme targeted two programs meant to feed hungry children, which were funded by the U.S. Department of Agriculture but administered by the state of Minnesota. The system relied on nonprofit groups c
Keywords: children feeding ms nonprofit said
Find related items on AmazonPublished on: 2025-10-02 04:29:03
A federal judge Tuesday found the Environmental Protection Agency acted in an “arbitrary and capricious” manner when terminating contracts with three nonprofits. The judge issued a temporary restraining order that requires the EPA and Citibank to give nonprofits access to funds in their accounts. The restraining order is the latest development in a lawsuit brought by three nonprofits that were recipients of grants from the Greenhouse Gas Reduction Fund, a part of the Inflation Reduction Act sig
Keywords: accounts epa judge nonprofits order
Find related items on AmazonPublished on: 2025-10-02 08:36:41
The US Federal Trade Commission (FTC) has taken action against the "Click Profit" business opportunity scheme for allegedly earning $14 million while deceiving consumers with false promises of guaranteed passive income through online stores. Click Profit is an online business paltform promoted on social media and through websites that claims to help consumers generate passive income by setting up and managing e-commerce stores on Amazon, Walmart, and other platforms. The company claims its cus
Keywords: click consumers ftc profit stores
Find related items on AmazonPublished on: 2025-10-02 08:31:02
A federal judge Tuesday found the Environmental Protection Agency acted in an “arbitrary and capricious” manner when terminating contracts with three nonprofits. The judge issued a temporary restraining order that requires the EPA and Citibank to give nonprofits access to funds in their accounts. The restraining order is the latest development in a lawsuit brought by three nonprofits that were recipients of grants from the Greenhouse Gas Reduction Fund, a part of the Inflation Reduction Act sig
Keywords: accounts epa judge nonprofits order
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