It seems increasingly likely that OpenAI will change its complex corporate structure soon.
Reports earlier this week said the AI company was in talks to raise $6.5 billion at a pre-money valuation of $150 billion, with Reuters reporting that the deal hinges on OpenAI being able to restructure and remove profit caps for investors.
In fact, co-founder and CEO Sam Altman told employees at an all-hands meeting that OpenAI's structure could change next year to become more similar to a traditional for-profit company, according to Fortune magazine. Currently, OpenAI is structured so that its for-profit arm is managed by a non-profit, which has likely irked investors.
“We remain focused on building AI that benefits everyone, and as we have said before, we are working with the Board to ensure we are best positioned to succeed in our mission,” OpenAI said in a statement. “The nonprofit is central to our mission and will remain so.”