Reported 21 days ago
OpenAI is in discussions with California regulators as it seeks to change its structure from a nonprofit to a for-profit entity, aiming to attract investors while maintaining its mission of responsible AI development. The company has engaged with the California attorney general's office regarding this transition, which involves determining the valuation of its intellectual property, particularly its ChatGPT technology. Despite the shift, OpenAI's nonprofit arm is expected to persist and retain a stake in the new structure, although the complexity of the restructuring could take several months.
Source: YAHOO