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2024-09-26 09:23:49
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AIbase
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12.0k
OpenAI's Big Changes: Possible Transition to a For-Profit Company, CEO Sam Altman May First Receive Shares
Recently, there have been reports that OpenAI is undergoing a significant business transformation and may transition into a for-profit company. According to Reuters, OpenAI is in talks with investors for a large-scale financing round, with a valuation potentially exceeding $150 billion. This transition is closely related to the company's governance structure, especially after CEO Sam Altman took the helm and mentioned the need to "improve our governance structure." The new business model will enable OpenAI to operate under a "capped profit" model.
2024-06-17 09:43:18
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AIbase
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9.6k
Is OpenAI Becoming a For-Profit Company? Current Valuation Reaches $86 Billion
OpenAI's CEO Sam Altman recently disclosed to shareholders that the company is exploring a change in its governance structure, planning to transform OpenAI from a nonprofit organization into a for-profit public benefit corporation. This change could detach OpenAI from the control of its existing nonprofit board, paving the way for its initial public offering (IPO).