OpenAI in Talks to Become For-Profit Company, Valued at $157 Billion

Nov 5, 2024, 12:09 AM

OpenAI is in early discussions with the California State Attorney General's office to transition from a nonprofit to a for-profit company. This potential shift has also been discussed with the Delaware Attorney General. The move may raise questions about the valuation of OpenAI's intellectual property. OpenAI's business is valued at $157 billion, and it is exploring a for-profit structure amid talks with California regulators.