According to Cointelegraph, OpenAI is considering changing its corporate structure to be more suitable for investors and plans to be valued at more than $100 billion in a new round of financing.
According to the Financial Times, the AI ââcompany is in discussions with potential investors about changing its current "limited profit" structure to allow investors to receive all profits.
The round will reportedly be led by Thrive Capital, which will invest around $1 billion, with Microsoft, Apple and Nvidia also likely to participate.
Currently, Microsoft holds a minority stake in OpenAI, but itâs unclear how the new valuation and the entry of other tech giants will affect the status quo.
OpenAI currently operates as a nonprofit organization and a limited-profit corporation, with a board of directors overseeing the operations of both, with the primary goal of maintaining a nonprofit mission.
Removing the profit cap would allow OpenAI to incentivize investors through profits, but itâs unclear how that would affect the companyâs nonprofit arm.
