PANews reported on September 15th that OpenAI is planning to change its complex corporate structure. Sam Altman, the company's co-founder and CEO, told employees during a company-wide meeting that OpenAI's structure is likely to change next year, bringing it closer to a traditional for-profit business.

OpenAI's current structure, where its for-profit division is controlled by a non-profit organization, has seemingly disappointed investors. Earlier this week, reports surfaced that the company is in talks to raise $6.5 billion at a pre-money valuation of $150 billion. According to Reuters, this deal hinges on OpenAI's ability to restructure and remove the profit cap for investors.