PANews reported on October 28th that OpenAI CEO Altman announced on the social media platform "X" that he would hold a livestream to answer questions at 10:30 AM Pacific Time (1:30 AM Beijing Time the following day). The livestream will discuss the new corporate structure, but will also discuss our new research goals, product evolution, the latest progress in infrastructure development, the initial funding areas for the nonprofit organization, and more. This may be the most important thing we will say this year. The nonprofit organization still controls everything, and if we do our job well, it will be the most resource-rich nonprofit organization. We are excited to begin deploying capital immediately. Our limited liability company (LLC) will be converted into a public benefit corporation (PBC).PANews reported on October 28th that OpenAI CEO Altman announced on the social media platform "X" that he would hold a livestream to answer questions at 10:30 AM Pacific Time (1:30 AM Beijing Time the following day). The livestream will discuss the new corporate structure, but will also discuss our new research goals, product evolution, the latest progress in infrastructure development, the initial funding areas for the nonprofit organization, and more. This may be the most important thing we will say this year. The nonprofit organization still controls everything, and if we do our job well, it will be the most resource-rich nonprofit organization. We are excited to begin deploying capital immediately. Our limited liability company (LLC) will be converted into a public benefit corporation (PBC).

Sam Altman will livestream at 1:30 AM, detailing OpenAI's restructuring and future plans.

2025/10/28 22:52

PANews reported on October 28th that OpenAI CEO Altman announced on the social media platform "X" that he would hold a livestream to answer questions at 10:30 AM Pacific Time (1:30 AM Beijing Time the following day). The livestream will discuss the new corporate structure, but will also discuss our new research goals, product evolution, the latest progress in infrastructure development, the initial funding areas for the nonprofit organization, and more. This may be the most important thing we will say this year. The nonprofit organization still controls everything, and if we do our job well, it will be the most resource-rich nonprofit organization. We are excited to begin deploying capital immediately. Our limited liability company (LLC) will be converted into a public benefit corporation (PBC).

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

The Beijing Procuratorate announced a case of illegal USDT cross-border foreign exchange transactions involving over 1.1 billion yuan.

The Beijing Procuratorate announced a case of illegal USDT cross-border foreign exchange transactions involving over 1.1 billion yuan.

PANews reported on October 29th that, according to a report by 21st Century Business Herald, on October 28th, the Beijing Municipal People's Procuratorate released "Typical Cases of High-Quality and Efficient Performance of Financial Procuratorial Duties" (2024-2025). One case involved "using virtual currency to indirectly buy and sell foreign exchange, involving over 1.1 billion yuan." Between January and August 2023, Lin Jia, under the instruction of others, colluded with Lin Yi, Xia, Bao, and Chen to use multiple bank cards under their names to receive large amounts of RMB funds transferred from clients (such as Liu) connected to the "upstream" of an illegal currency exchange organization. This gang used virtual currency as a "bridge" to achieve the illegal purpose of cross-border fund transfers: Lin Jia and others converted the received RMB into USDT through multiple USDT trading platform accounts they actually controlled, and then completed the cross-border fund transfer through platform transactions, essentially engaging in disguised foreign exchange trading and profiting from it. According to the report, the total illegal business activities of the gang amounted to over 1.182 billion yuan, of which five members, including Xia and Bao, participated in activities ranging from over 149 million yuan to over 469 million yuan. On March 21, 2025, the Haidian District People's Court of Beijing issued a first-instance verdict, sentencing all five defendants to prison terms ranging from two to four years for the crime of illegal business operations, and imposing corresponding fines.
Share
2025/10/29 09:42