Reported 25 days ago
OpenAI's anticipated $6.5 billion funding round, aimed at achieving a staggering $150 billion valuation, relies heavily on overhauling its corporate structure to eliminate profit caps for investors. This pivot marks a shift from its origins as a non-profit research organization, indicating a strong demand from notable investors like Microsoft and Nvidia. While OpenAI acknowledges the need for structural changes, it maintains its commitment to its non-profit mission, raising concerns about governance and its core objectives.
Source: YAHOO