Reported 21 days ago
OpenAI, led by Sam Altman, is in preliminary discussions with the California Attorney General's office to modify its structure into a for-profit entity, as reported by Bloomberg News. This potential shift marks a significant change for the organization, founded in 2015 as a non-profit AI research lab, aimed at attracting more investors. While OpenAI's non-profit arm would still exist with ownership stakes in the new for-profit model, this move follows a successful $6.6 billion funding round that could significantly increase the company's valuation.
Source: YAHOO