OpenAI describes its enterprise construction as “a partnership between our unique Nonprofit and a brand new capped revenue arm,” which has been a contributing think about final yr’s short-lived board coup in opposition to CEO Sam Altman and a recent lawsuit by cofounder Elon Musk. However that’s reportedly set to change together with a massive new funding round that’s nonetheless being negotiated however may worth the ChatGPT maker at greater than $150 billion.
Reuters sources stated that within the new construction, OpenAI would proceed as a for-profit profit company, like rival AI firm Anthropic.
That enterprise would “now not be managed by its non-profit board” and turn out to be extra engaging to traders, with the nonprofit sustaining a minority possession stake. Nonetheless, for these involved with OpenAI’s method to security vs. potential income, it might be unsettling as the corporate pursues AI fashions able to reasoning.
When Altman returned as CEO last November, his letter talked about “enhancing our governance construction,” and that appears to be taking form whereas different executives are leaving. OpenAI CTO Mira Murati introduced her exit right now, Reuters notes president Greg Brockman has been on depart, and former chief scientist Ilya Sutskever separated from the company earlier this yr.
Replace, September twenty fifth: Added data from Bloomberg.
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