September 14, 2024: OpenAI Considering For-Profit Shift in 2024 - OpenAI may revise its complex corporate structure next year to attract significant investment. Reports indicate that the AI firm is in discussions to raise $6.5 billion at a $150 billion pre-money valuation, contingent on removing profit caps for investors. CEO Sam Altman hinted at a transition to a more traditional for-profit model to appease investor frustrations, though a nonprofit component will remain central to its mission of creating beneficial AI.
