Foreign media: OpenAI may reorganize its non-profit structure next year

It's increasingly likely that OpenAI is about to 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-money valuation of $150 billion. Now, according to Reuters, the deal depends on whether OpenAI can restructure and remove profit caps for investors. According to Fortune, co-founder and CEO Sam Altman told employees in a company-wide meeting that OpenAI's structure is likely to change next year to make it closer to a traditional for-profit business. OpenAI's current structure is that its for-profit arm is controlled by a nonprofit organization, which seems to have disappointed investors. "We remain focused on building artificial intelligence that benefits everyone, and as we have said before, we are working with the board to ensure that we can best accomplish our mission," OpenAI said in a statement. The nonprofit organization is core to our mission and will continue to exist." (TechCrunch)