Yazhou Sun

6 days ago | news.bloomberglaw.com | Yazhou Sun |Seth Fiegerman

After months of public pressure over its effort to convert from a nonprofit into a more traditional moneymaking business, OpenAI decided to partly walk back its plan and strike a complicated balance. While the ChatGPT owner still intends to form a public benefit corporation that’s meant to be more appealing to investors, the overall business would continue to be overseen by OpenAI’s nonprofit entity.

6 days ago | news.bloombergtax.com | Yazhou Sun |Seth Fiegerman

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6 days ago | news.bloombergtax.com | Yazhou Sun

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.

6 days ago | news.bloomberglaw.com | Yazhou Sun

Infineon Technologies AG forecast revenue in the current quarter that will miss analysts’ expectations and cut its outlook for the year after the German chipmaker factored in potential declines due to tariffs and currency fluctuations. The company gave a third-quarter sales outlook for €3.7 billion ($4.2 billion), in a statement Thursday. That compares to an average analyst estimate of €3.84 billion compiled by Bloomberg.

6 days ago | bloomberg.com | Yazhou Sun |Seth Fiegerman

Altman at the AI Action Summit in Paris, France, on Feb. 11, 2025. (Bloomberg) -- After months of public pressure over its effort to convert from a nonprofit into a more traditional moneymaking business, OpenAI decided to partly walk back its plan and strike a complicated balance. While the ChatGPT owner still intends to form a public benefit corporation that’s meant to be more appealing to investors, the overall business would continue to be overseen by OpenAI’s nonprofit entity.