CoinVoice has recently learned that according to TechCrunch, it is becoming increasingly likely that OpenAI will soon 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-money valuation of $150 billion. Now, Reuters reports that the deal is contingent on OpenAI restructuring and removing profit caps 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, appears to have disappointed investors.
OpenAI said in a statement: "We remain focused on building AI that benefits everyone, and as we have said before, we are working with the 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." [Original link]
