Reported about 9 hours ago
OpenAI is moving towards restructuring itself into a for-profit entity while retaining a significant stake for its nonprofit arm, aiming for an equity position of over $100 billion. This change comes as the company negotiates with major investor Microsoft and seeks to clarify its governance. The restructuring is aimed at providing more resources to the nonprofit while balancing the pursuit of profits, amidst ongoing scrutiny from regulators and challenges from former co-founder Elon Musk.
Source: YAHOO