Tag

For Profit Entity

All articles tagged with #for profit entity

technology1 year ago•2 min saved

"OpenAI's Legal Battle with Elon Musk Unveils Private Emails and Financial Disputes"

OpenAI responds to Elon Musk's lawsuit by releasing emails showing his support for creating a for-profit entity and seeking control over the organization. The emails reveal Musk's push for raising more funding than initially planned and his desire for majority equity, board control, and CEO position. OpenAI claims that Musk ultimately left the organization and started his own AI company after failing to gain total control, prompting the lawsuit.

via The Daily Beast|

#artificial-intelligence #elon-musk #for-profit-entity

sports1 year ago•3 min saved

"PGA Tour's $1.5B Funding Plan Unveiled: Equity Grants and For-Profit Changes"

The PGA Tour plans to use $1.5 billion in new funding from Strategic Sports Group to distribute initial player equity grants to top golfers based on career performance, results over the past five seasons, and the Player Impact Program. The grants will be distributed to 193 PGA Tour members in four different groups, with additional recurring grants planned for future top performers. The partnership with SSG aims to make PGA Tour members direct equity owners in their sports league, marking a historic moment in PGA Tour history.

via ESPN|

#for-profit-entity #golf #pga-tour