OpenAI's Non-Profit Division Reported a Net Income of $45,000 Last Year, While Its Profit Division is Valued at $90 Billion
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OpenAI's nonprofit division revealed in its latest tax documents that its net income was only $45,000 last year, despite the strong performance of its profitable business. Microsoft invested $10 billion for a 49% stake, and the valuation of the profit-making department could be as high as $90 billion. The company's structure has sparked controversy, with private investors committing billions of dollars in investment. Unlike other nonprofit organizations, OpenAI accepts venture capital.
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