OpenAI is in talks to shift from a non-profit to a for-profit model to attract investors.

OpenAI, the AI research lab founded as a non-profit in 2015, is in preliminary discussions with California's attorney general about transitioning to a for-profit structure. This change aims to attract more investors while retaining a minority stake for the non-profit entity. Following a recent $6.6 billion funding round, OpenAI's valuation could reach $157 billion, positioning it among the most valuable private companies globally.

November 04, 2024
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