OpenAI is reported to be considering restructuring the company to make it more investor-friendly
2024-08-30 18:36:44
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OpenAI is in talks to revamp its corporate structure to make it more investor-friendly. The company is currently moving forward with a multi-billion dollar funding round and hopes to maintain its lead over Google and other competitors. OpenAI has been in communication with investors about the adjustment, three sources said. While no agreement has been reached on the final form, they said the adjustment could be more attractive to financial backers by simplifying the company's current complex nonprofit structure. No final decision has been made on whether to change OpenAI's structure. One option under consideration is to remove the existing profit cap for investors in for-profit subsidiaries.
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