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OpenAI Considers Shifting To Profit-Making Structure, Paving Way For Potential IPO

15/06/2024 08:33

According to Odaily, OpenAI CEO Sam Altman has recently informed some shareholders that the company is contemplating a change in its management structure. The proposed change would see OpenAI transition into a profit-making company, similar to its competitors Anthropic and xAI, and reduce its ties with its non-profit parent organization. Before Microsoft's investment, OpenAI's non-profit organization contributed more capital than other shareholders. This change could potentially pave the way for OpenAI to eventually go public, with its current valuation already reaching $86 billion. Additionally, this move would provide Altman with the opportunity to own company shares, a move that some investors are also pushing for. Last year, OpenAI employees sold shares worth more than $800 million. The proposed changes in OpenAI's structure and its potential move towards an IPO represent significant developments in the AI industry.

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