![[FILES] OpenAI CEO Sam Altman poses with his laptop during the Artificial Intelligence (AI) Action Summit, at the Grand Palais, in Paris, on 11 February 2025. OpenAI CEO Sam Altman on 5 May 2025 said the company behind ChatGPT would continue to be run as a nonprofit, as it abandoned a highly contested plan to turn into a for-profit organization. The issue had become a serious point of contention for the artificial intelligence trailblazer, with major investors demanding the change to better guarantee returns.](https://images.assettype.com/tribune/2025-05-05/vjnro5oe/00044KG49E.jpg?w=200&auto=format&q=70&rect=0%2C0%2C512%2C336&h=131&fit=crop)
OpenAI abandons plan to become for-profit company
OpenAI CEO Sam Altman announced the company will remain under nonprofit control, scrapping plans to convert into a for-profit model after pushback from civic…
· 2 MIN READ
Topic
profit
Latest Daily Tribune news and analysis on profit.
GT Capital profit slips nearly 2%
GT Capital Holdings sees a nearly 2% drop in net income for 2024 to P28.8 billion, though core net income grows by 11%. Metrobank, Toyota, and Metro Pacific…
· 2 MIN READ
Rising debt levels spur Security Bank gain
On the consumer side, home loans grew by 19 percent while auto loans surged by 54 percent
· 1 MIN READ
Shell annual profit drops to $16 bn as oil prices fall
British energy giant Shell reports a significant 17% decline in annual net profit to $16.1 billion, citing lower oil prices and asset write-offs, while…
· 1 MIN READ
Elon Musk asks US court to block OpenAi's for-profit conversion
Elon Musk has filed an injunction to prevent OpenAI from converting into a for-profit enterprise, alleging it bars investors from funding rivals. Discover the…
· 1 MIN READ
PLDT optimistic about hitting 2024 profit target
‘With nine months of 2024 behind us, we reaffirm our guidance for telco core income at north of P35 billion’
· 1 MIN READ
DMCI’s 9-month profit down 23%
‘We are working hard to strengthen our group’s ecosystem, enhance operational efficiency to address macroeconomic challenges and weaker commodity prices.’
· 1 MIN READ
DigiPlus posts P8.75-B profit amid gaming segment growth
The company attributed its strong performance to robust growth in its retail games segment, the launch of new product offerings, and improved cost efficiencies
· 1 MIN READ
HSBC reports $8.5-B pre-tax profit in third quarter
· 2 MIN READ
Index sheds 156 pts from profit-taking
· 1 MIN READ
Metrobank posts P23.6-B midyear profit
‘Our strong capital position and robust asset profile continued to support our expanding core businesses despite market challenges.’
· 1 MIN READ
BDO posts P18.5-B Q1 profit
BDO pursues long-term growth and profitability, while sustaining market leadership.
· 1 MIN READ
UnionBank gains P2-B quarter profit
· 1 MIN READ
BDO’s Q1 profit up 12% to P18.5B
Deposits rose by 13 percent, which BDO said was mainly driven by an increased number of low-cost current accounts and savings accounts
· 1 MIN READ
UnionBank sees P9.2-B 2023 profit
Non-interest income surged by 41 percent to P19 billion due to a 54 percent growth in service fees for bills payments, fund transfers, interchange, and credit…
· 2 MIN READ
High auto loans demand drives PSBank profit
Gross non-performing loans ratio improved to 3.4 percent as more clients have recovered from the pandemic
· 1 MIN READ
