SPACs as an Alternative to Traditional IPOs

A Special Purpose Acquisition Company (SPAC) is a publicly-traded shell corporation designed solely to raise capital through an initial public offering (IPO) to acquire or merge with an existing private company, thereby taking that company public. This process, known...

OpenAI’s Path to Profitability and Public Markets

The Capital Conundrum: OpenAI’s High-Stakes Journey from Non-Profit to Commercial Juggernaut OpenAI’s inception in 2015 was a defiant statement against the perceived dangers of proprietary artificial intelligence. Founded as a non-profit research laboratory by Elon...