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2024-06-17 09:43:18
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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).