BlockBeats reported that on September 15, it is increasingly likely that OpenAI will change its complex corporate structure. Earlier this week, it was reported that the company was in talks to raise $6.5 billion at a pre-investment valuation of $150 billion.
Now, according to Reuters, the deal depends on whether OpenAI can restructure and remove the profit cap for investors. And according to Fortune, co-founder and CEO Sam Altman told employees at a company-wide meeting that OpenAI's structure is likely to change next year, making it closer to a traditional for-profit enterprise.
OpenAI's current structure is that its for-profit department is controlled by a non-profit organization, which seems to disappoint investors.