Reported about 19 hours ago
OpenAI has completed a significant restructuring to transition into a for-profit model, aiming to attract more investment and facilitate a potential IPO. This move comes after intense negotiations with major backer Microsoft and regulatory bodies. The restructuring, while leading to an anticipated $1.4 trillion investment in AI infrastructure, raises questions about the balance of power between the new for-profit entity and its nonprofit board, especially regarding governance and the influence of former stakeholders like Elon Musk.
Source: YAHOO