According to ChainCatcher news, the OpenAI board is evaluating the company's structure with the goal of establishing a more robust nonprofit organization supported by a for-profit company. OpenAI states that this plan will create one of the most well-resourced nonprofit organizations in history.OpenAI believes that the company structure must evolve to advance its mission of ensuring that artificial general intelligence (AGI) benefits all of humanity. Specifically, OpenAI's three main objectives include:Choosing a nonprofit/for-profit structure that is most conducive to the long-term success of the mission; ensuring the sustainability of the nonprofit organization;Enabling each department to fulfill its due role.OpenAI plans to transform the existing for-profit company into a Delaware Public Benefit Corporation (PBC), with an independent financial advisor determining a reasonable valuation and transferring most shares to the nonprofit organization. This will significantly increase the resources of the nonprofit organization. The PBC structure requires the company to balance the interests of shareholders, stakeholders, and the public in its decision-making. This will allow OpenAI to raise the necessary capital under conventional terms while the nonprofit organization can operate independently, focusing on charitable causes such as healthcare, education, and science.

ChainCatcher news, according to internal documents reviewed by The DisInformation Chronicle, the UK nonprofit organization Center for Countering Digital Hate (CCDH) has listed "killing Musk's Twitter" as a primary objective in its monthly agenda template. This phrase first appeared in its planning documents from early 2024.The documents show that CCDH has outlined plans to "trigger regulatory action" against X (formerly Twitter). The organization's focus on X stems from scrutiny over its activities under the 501(c)(3) tax-exempt status. Records indicate that CCDH has held meetings with multiple groups, including the Biden White House, the office of Congressman Adam Schiff, the State Department, and representatives from U.S. media affairs.In 2023, X sued CCDH. A federal judge dismissed the case, stating that it appeared to be an attempt to punish CCDH for its critical reporting on the platform.

ChainCatcher news, according to TechCrunch, the likelihood of OpenAI changing its complex corporate structure is increasing.Earlier this week, reports indicated that the company is negotiating to raise $6.5 billion at a pre-money valuation of $150 billion. Now, according to Reuters, this deal depends on whether OpenAI can restructure and eliminate the profit cap for investors.According to Fortune, co-founder and CEO Sam Altman told employees at an all-hands meeting that OpenAI's structure is likely to change next year, bringing it closer to a traditional for-profit company. OpenAI's current structure has its for-profit arm controlled by a nonprofit organization, which seems to have disappointed investors.OpenAI stated in a statement: "We remain focused on building AI that benefits everyone, and as we have said before, we are working with the board to ensure we can fulfill our mission in the best possible way. The nonprofit is at the core of our mission and will continue to exist."

ChainCatcher news, according to CoinGape, Abra CEO Bill Barhydt stated that medium-sized companies and non-profit organizations are increasingly converting their assets into Bitcoin. This trend follows the successful strategy implemented by MicroStrategy, which has seen its stock price appreciate due to holding a large amount of Bitcoin.Barhydt expects that many medium-sized companies and non-profit organizations with substantial dollar reserves will convert these reserves into Bitcoin, and the stock prices of these companies will follow the upward trend seen by MicroStrategy after acquiring Bitcoin.

ChainCatcher news, the Ton ecological chain game Catizen has launched a program called "CatizenVibe - Healing the World," aimed at helping stray cats.It donates 1% of the company's revenue to non-profit organizations that adopt stray cats. The goal of this project is to improve the world through practical actions, and it has attracted the participation of over 17 million cat lovers.

ChainCatcher news, the TON Foundation has established a non-profit organization in Switzerland.TON commits to providing detailed transparency reports that comprehensively outline the tokenomics of Toncoin and the historical distribution of the tokens. These reports will provide details on token issuance, partner allocations, development, community incentives, and expenditures for operations and ecosystem growth.

ChainCatcher news, according to official sources, TomoChain has announced the launch of a non-profit organization, Tomo Foundation, which will support various activities within the ecosystem, including hackathons, accelerator programs, ambassador programs, workshops, social events, and more.

ChainCatcher message, the Bitcoin Ordinals team stated that they have created a non-profit organization called Open Ordinals Institute, which will support the development of the protocol by funding its core developers, including the project's anonymous chief maintainer Raph. Currently, the number of inscriptions engraved on Bitcoin has surpassed 21 million.

ChainCatcher news, according to The Block, cryptocurrency market maker GSR will launch the GSR Foundation and pledge $10 million. The foundation's initial focus will be to provide smaller grants to nonprofit organizations to address technological barriers in marginalized communities. The GSR Foundation will also support nonprofits globally, aiming to tackle deep-rooted issues in the charitable ecosystem that can be overcome through emerging technologies. (Source link)

ChainCatcher news, Facebook's parent company Meta has joined the MPC Alliance, a non-profit organization focused on cryptographic privacy and security.It is reported that the MPC Alliance consists of 59 members, including Alibaba Group, engineering company Bosch, and a range of blockchain companies, including Bolt Labs, Ciphermode Labs, and Partisia Blockchain. (source link)