Foreign media: OpenAI may restructure its nonprofit structure next year

ChainCatcher news, according to TechCrunch, the likelihood of OpenAI changing its complex corporate structure is increasing.

Earlier this week, reports indicated that the company is negotiating to raise $6.5 billion at a pre-money valuation of $150 billion. Now, according to Reuters, this deal depends on whether OpenAI can restructure and eliminate the profit cap for investors.

According to Fortune, co-founder and CEO Sam Altman told employees at an all-hands meeting that OpenAI's structure is likely to change next year, bringing it closer to a traditional for-profit company. OpenAI's current structure has its for-profit arm controlled by a nonprofit organization, which seems to have disappointed investors.

OpenAI stated in a statement: "We remain focused on building AI that benefits everyone, and as we have said before, we are working with the board to ensure we can fulfill our mission in the best possible way. The nonprofit is at the core of our mission and will continue to exist."