OpenAI is making headlines with reports of a potential $6.5 billion fundraising round, valuing the AI powerhouse at a staggering $150 billion. However, according to Reuters, this monumental deal is contingent on significant changes to OpenAI’s current structure, including the removal of a profit cap for investors.
Co-founder and CEO Sam Altman recently shared with employees that OpenAI is likely to shift towards a more conventional for-profit model next year. Currently, OpenAI operates under a unique structure where its for-profit division is controlled by a non-profit entity—a setup that has reportedly caused frustration among investors.
In a statement, OpenAI emphasized its commitment to its mission of advancing AI for the benefit of all. The company reassured that the non-profit arm will continue to play a vital role in its operations, despite the planned structural adjustments. As OpenAI navigates these pivotal changes, the tech world watches closely to see how this evolution will impact its future and its role in the AI landscape.
