OpenAI's Current Structure Not Suitable For IPO, Says Investor

According to PANews, Khosla Ventures, an investor in OpenAI, has stated that the company's current structure is not suitable for an initial public offering (IPO). Despite this, the investor expressed no concern over the departure of company executives. OpenAI's latest funding round has valued the company at $157 billion, and its team remains robust. Additionally, the Wall Street Journal has revealed that OpenAI plans to establish an office in New York. The company will lease 90,000 square feet of office space in the Puck Building in Manhattan.