OpenAI Plans Potential Overhaul of Nonprofit Structure
OpenAI is on the verge of potentially transforming its intricate corporate structure, as it seeks to secure a $6.5 billion funding round at a $150 billion pre-money valuation. The deal's success depends on OpenAI’s ability to restructure and remove the profit cap for investors. CEO Sam Altman has indicated that significant changes could be implemented next year, possibly bringing OpenAI’s operations closer to a traditional for-profit model. Despite these potential shifts, OpenAI emphasizes that its nonprofit arm remains essential to its mission and will continue to exist.
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