AI
* Massive Restructure: OpenAI has completed a major recapitalization, simplifying its structure with its nonprofit arm, now the OpenAI Foundation, maintaining full control over the for-profit business. * $130 Billion Philanthropic Powerhouse: The new OpenAI Foundation holds an equity stake in the for-profit company currently valued at approximately $130 billion, positioning it
AI
* Leaked Deck Reveals Strategy: A slide deck viewed by ADWEEK confirms that advertisers are intentionally using Reddit ads to boost their visibility in AI-powered search results. * Skyrocketing Ad Spend: Brands are significantly increasing their advertising budgets on Reddit, recognizing its growing influence on AI models like ChatGPT and Google'
AI
* OpenAI has finalized its transition into a for-profit corporation, setting the stage for a potential Initial Public Offering (IPO) and massive capital investment. * The move, which solidifies Microsoft's partnership with a 27% stake, faced significant legal and regulatory challenges, including a lawsuit from co-founder Elon Musk. * OpenAI has