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Report: OpenAI Must Alter Structure to Reach $150 Billion Valuation
PYMNTS.com September 15, 2024
OpenAI’s $150 billion valuation will reportedly depend on whether it can change its corporate structure.
That’s according to a report Saturday (Sept. 14) by Reuters, citing sources with knowledge of the matter, who say the valuation is contingent on whether the artificial intelligence (AI) firm can remove a profit cap for investors.
The report argued that the conditions on the $6.5 billion in funding show the extent of OpenAI’s evolution from a research-based nonprofit. It also signifies the changes it’s willing to make to woo investors to fund its costly efforts in the field artificial general intelligence (AGI) — a term for AI that surpasses human intelligence.
The sources added that the funding round has attracted robust investor demand and...
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