OpenAI Considers Rebranding as For-profit
This is a OpenAI news story, published by TechCrunch, that relates primarily to The New York Times news.
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OpenAI CEO Sam AltmanTechCrunch
•OpenAI may pay its nonprofit arm 'billions of dollars' in conversion to for-profit | TechCrunch
74% Informative
The New York Times reports that OpenAI is in discussions to pay the nonprofit billions of dollars for it to cede control.
There's pressure to get a deal done; reportedly, OpenAI must change its corporate structure within two years or the $6.6 billion the company recently raised will convert to debt.
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