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Industries
Social Impact
Company Size
501-1,000
Company Stage
Grant
Total Funding
$105.1M
Headquarters
Jackson, Mississippi
Founded
2014
The Obama Foundation works to inspire and empower individuals and communities to create positive social change. It focuses on educational and community-building initiatives, engaging people who are passionate about civic engagement. The Foundation generates revenue through fundraising efforts, including direct donations, corporate sponsorships, and merchandise sales. These funds support various programs, including the development of the Obama Presidential Center, which will feature a museum and public spaces. Unlike many other nonprofits, the Obama Foundation emphasizes a strong connection with its diverse clients, including individual donors, volunteers, and community organizations, fostering a sense of community and shared purpose. The goal of the Obama Foundation is to encourage and facilitate social change and civic involvement across different communities.
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Total Funding
$105.1M
Above
Industry Average
Funded Over
1 Rounds
Obama Foundation Fills Out Comms TeamMon., Nov. 25, 2024The Obama Foundation, which is building the Obama Presidential Center on Chicago's South Side, has hired Rahshiene Taha as CMO and Emily Bittner as VP of communications.
OpenAI’s days as a nonprofit company could be numbered. CEO Sam Altman has told some shareholders the artificial intelligence (AI) firm is weighing a change to its governance, making it a for-profit company that its nonprofit board has no control over, The Information reported Friday (June 14). The report — citing a person who heard Altman discuss the plans with the shareholders — said that among the scenarios the company is considering is a for-profit benefit corporation, also used by fellow AI companies Anthropic and xAI
OpenAI is reportedly expanding its lobbying department as the artificial intelligence industry faces more regulatory oversight.The multibillion-dollar AI startup aims to have 50 members on its global affairs team by year’s end, up from three at the start of 2023 and 35 currently, the Financial Times (FT) reported Thursday (June 13).“We are not approaching this from a perspective of we just need to get in there and quash regulations … because we don’t have a goal of maximizing profit; we have a goal of making sure that AGI benefits all of humanity,” said Anna Makanju, OpenAI’s vice president of government affairs, referring to artificial general intelligence, a version of AI that can think and reason on the level — or above the level — of humans.The global affairs department is OpenAI’s “most international” unit, as it has workers in places where AI legislation is most advanced, including Belgium, Ireland, Singapore, Brazil and the United States, the report said.But the company still trails its rivals in terms of outreach, per the report. The company spent $340,000 on engaging with the American government in the first quarter of the year, compared to $3.1 million by Google and a record $7.6 million by Meta.“Walking in the door, [ChatGPT had] 100 million users [but the company had] three people to do public policy,” said David Robinson, who heads policy planning for OpenAI, in the report. “It was literally to the point where there would be somebody high level who would want a conversation, and there was nobody who could pick up the phone.”The move comes as OpenAI and other AI firms are facing potential antitrust investigations from U.S. regulators such as the Department of Justice and the Federal Trade Commission.Omar Ochoa, an antitrust lawyer, told PYMNTS earlier this week that the situation is similar to the way the FTC investigated Big Tech like Amazon, Apple, Google and Meta.“Now, seeing this happen again, but with AI, it is probably a good bet that some lawsuit or administrative action will occur from the investigations because, again, it mirrors what happened a few years ago with Big Tech,” he said.For all PYMNTS AI coverage, subscribe to the daily AI Newsletter
In 2018, the Obama Foundation even named Space Continuum Supplier of the Year.
The Chicago Parks District has partnered with the Obama Foundation on the construction of the playground, approving the project on March 13.
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Industries
Social Impact
Company Size
501-1,000
Company Stage
Grant
Total Funding
$105.1M
Headquarters
Jackson, Mississippi
Founded
2014
Find jobs on Simplify and start your career today