OpenAI is in preliminary talks with the California attorney general's office about becoming a for-profit company, Bloomberg reported.Didem Mente/Getty ImagesOpenAI is one step closer to becoming a for-profit company.The AI startup is in preliminary talks with California's attorney general's office, Bloomberg reported.A for-profit structure would be much more conventional for the investors OpenAI is courting.OpenAI is one step closer to changing its governance structure from nonprofit to for-profit.The AI startup is in preliminary talks with California's attorney general's office about the process of becoming a for-profit entity, Bloomberg reported Monday, citing two people familiar with the matter.In September, the Sam Altman-led company, which is worth $157 billion, announced that it planned to go all-in on profit.
Openai Is Making Moves Toward Becoming A For-profit Company
esnodgrass@businessinsider.com (Erin Snodgrass), Business Insider
Mon, 11/04/2024 - 7:04pm
Topics: didem mente/getty imagesopenai september attorney general rob bonta bret taylor november openai ceo sam nvidia chatgpt delaware california ai openai bloomberg sam altman in business insider for-profit company nonprofit office structure step told process closer talks startup conventional billion board mission shift entity stake reported require familiar big-name
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