Morning Brew Daily Execs Jump Ship as OpenAI Goes For-Profit & The $100K NIL Controversy
Sep 27, 2024
OpenAI's shift to a for-profit model leads to major executive exits, raising questions about its future. In political news, NYC's mayor faces corruption charges tied to foreign bribes. A college football quarterback leaves UNLV over a broken promise of a $100K NIL deal, exposing issues in college athletics. Meanwhile, Hoda Kotb announces her departure from the 'TODAY' show, marking a new chapter in her life. Lastly, a low-cost airline offers budget travelers flights to Europe for under $100, making international travel more accessible.
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OpenAI's Shift to For-Profit
- OpenAI is shifting from a nonprofit to a for-profit model, causing executive departures.
- This shift raises questions about the company's original mission and its future direction.
OpenAI's Fundraising Goals
- OpenAI's move to for-profit aims to attract larger investments, like a potential $6.5 billion round.
- The previous nonprofit structure capped investor profits, hindering their ability to raise capital.
NYC Mayor Indictment
- New York City Mayor Eric Adams faces corruption charges for allegedly accepting bribes from foreign officials.
- The indictment details free trips, luxury accommodations, and illegal campaign contributions.