According to Odaily Planet Daily, OpenAI may be about to change its complex corporate structure. Earlier this week, it was reported that the company was in talks to raise $6.5 billion at a pre-investment valuation of $150 billion. Now, according to Reuters, the deal depends on whether OpenAI can restructure and remove the profit cap for investors.
According to Fortune, co-founder and CEO Sam Altman told employees in a company-wide meeting that OpenAI’s structure will likely change next year to bring it closer to a traditional for-profit business. OpenAI’s current structure, in which its for-profit arm is controlled by a nonprofit, has frustrated investors.
In a statement, OpenAI said: "We remain focused on building AI that benefits everyone, and as we have said before, we are working with our board to ensure we are in the best position to deliver on our mission. The nonprofit is core to our mission and will continue to exist."