Foreign Media: OpenAI May Restructure Its Non-Profit Structure Next Year
OpenAI's plans to alter its complex corporate structure are becoming increasingly likely.
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. According to Reuters, this deal hinges on OpenAI restructuring and removing profit caps for investors.
Meanwhile, Fortune reports that co-founder and CEO Sam Altman told employees in an all-hands meeting that OpenAI's structure is likely to shift next year, bringing it closer to a traditional for-profit business. OpenAI's current structure, where its for-profit arm is controlled by a non-profit organization, has reportedly been a point of frustration for investors.
In a statement, OpenAI said, "We remain focused on building beneficial AI for everyone. As we have said before, we are working with our board to ensure we are best positioned to fulfill our mission. The non-profit organization is core to our mission and will continue to exist."