OpenAI is reportedly going all-in as a for-profit company

Quick Summary:

CEO Sam Altman could axe the "unusual" structure.

OpenAI may be overhauling its complex nonprofit structure in favor of a traditional for-profit push in 2025, the key to a potential $150 billion valuation as the AI leader veers down a similar profit-seeking path to that of its Silicon Valley peers.

Currently, OpenAI operates as a "capped" for-profit LLC controlled by a non-profit.

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Article Details

Author / Journalist: Chase Dibenedetto

Category: Technology

Markets: SingaporeAustraliaIndiaItalyTurkey

Topics: Artificial Intelligence OpenAI Tech Article Tech Industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 15:36:37 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: sea.mashable.com

Language: English

Article Length: 323 words

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Sentences: 13 lines

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Copyright Owner: © Mashable SEA

News ID: 22507351

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