CosmicTaco

OpenAI's Nonprofit Structure Faces Potential Overhaul

CosmicTaco · 2024-09-16T10:56:26.599531+05:30

- OpenAI is likely to change its complex corporate structure soon. - Reports indicate talks of raising $6.5 billion at a $150 billion pre-money valuation. - The deal depends on removing a profit cap for investors. - CEO Sam Altman hinted at a shift towards a traditional for-profit model next year. - OpenAI's nonprofit arm will continue to exist, focusing on AI that benefits everyone. Source: [Techcrunch](https://techcrunch.com/2024/09/14/openai-could-shake-up-its-nonprofit-structure-next-year/)

OpenAI is likely to change its complex corporate structure soon.
Reports indicate talks of raising $6.5 billion at a $150 billion pre-money valuation.
The deal depends on removing a profit cap for investors.
CEO Sam Altman hinted at a shift towards a traditional for-profit model next year.
OpenAI's nonprofit arm will continue to exist, focusing on AI that benefits everyone.

Source: Techcrunch