OpenAI will likely change its corporate structure soon. Reports this week said OpenAI is talking about raising $6.5 billion at a $150 billion value. Reuters now says the deal depends on OpenAI restructuring and removing a cap on profits for investors.
Fortune reports that CEO Sam Altman told employees the company’s structure will change next year to be more like a regular business. Currently, OpenAI’s for-profit part is controlled by a non-profit, which bothers investors.
OpenAI said they are focused on making AI that helps everyone. They are working with their board to make sure they succeed in their mission. The non-profit part of OpenAI will still be there.
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