BlockBeats reported on September 15 that it is increasingly likely that OpenAI will 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 profit caps for investors. And according to Fortune, co-founder and CEO Sam Altman told employees at a company-wide meeting that OpenAI's structure is likely to change next year to make 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 frustrated investors.
