Equity

OpenAI plans tectonic shift from nonprofit to for-profit, giving Altman equity

by Benj Edwards
September 26, 2024
I.T. Today
4 min read

Benj Edwards / OpenAI On Wednesday, Reuters reported that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation, moving away from control by its nonprofit board. The shift…

Evolution Equity Partners raises .1B for new cybersecurity and AI fund

Evolution Equity Partners raises $1.1B for new cybersecurity and AI fund

by Kyle Wiggers
April 16, 2024
I.T. Today
3 min read

Cybersecurity has had a rough go of it lately, with investment in the sector dropping a precipitous 40% compared to the year prior. But there are promising early, even preliminary, signs of a recovery. The…