According to people familiar with the matter, OpenAI CEO Sam Altman recently told some shareholders that the company is considering changing its management structure to become a for-profit company similar to rivals Anthropic and xAI, and reducing its association with the nonprofit parent company. Before Microsoft's investment, OpenAI's nonprofit organization contributed more capital than other shareholders. Such a change could open the door to OpenAI's eventual IPO, which is currently valued at $86 billion.
It would also give Altman the chance to take a stake in the company, a move some investors are pushing. Last year, OpenAI employees sold more than $800 million worth of stock.
OpenAI plans to become a for-profit company similar to Anthropic and xAI, or pave the way for an IPO
2024-06-15 01:21:18
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