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What will be the primary use of funds raised by OpenAI post-restructuring by end of 2025?
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Resolution / Starting Odds
AGI Research • 25%
Infrastructure Development • 25%
Partnership Expansion • 25%
Other • 25%
Official OpenAI announcements or financial reports
Story
OpenAI to Transform For-Profit Arm into PBC, Says It Needs 'More Capital Than We'd Imagined'
Dec 27, 2024, 02:45 PM
OpenAI, the AI research organization, has announced plans to restructure its corporate organization to better support its mission of ensuring that artificial general intelligence (AGI) benefits all of humanity. The company plans to transform its existing for-profit arm into a Delaware Public Benefit Corporation (PBC) with ordinary shares of stock, stating it needs 'more capital than we'd imagined' to advance its work. This move aims to enable OpenAI to raise capital under more conventional terms, as investors prefer traditional equity structures. The restructuring will allow OpenAI to raise the necessary funds while maintaining its commitment to its core mission. The non-profit component of OpenAI will continue to exist and hold shares in the new PBC. The plan faces opposition from Elon Musk and others.
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Private equity • 25%
Debt financing • 25%
Other methods • 25%
Public equity markets • 25%
Other restructuring • 25%
Delaware Public Benefit Corporation • 25%
Traditional for-profit corporation • 25%
Remains a non-profit • 25%
Decision postponed beyond 2025 • 25%
Successfully restructures into a PBC • 25%
Remains as current structure • 25%
Adopts a different structure • 25%
Remains as current structure • 25%
Restructures differently • 25%
Successfully restructures as PBC • 25%
Abandons restructuring • 25%
Decreased nonprofit funding • 25%
Nonprofit initiatives halted • 25%
No change in funding • 25%
Increased nonprofit funding • 25%
Nonprofit arm dissolved • 25%
Nonprofit arm expanded • 25%
Nonprofit arm restructured • 25%
Nonprofit arm remains unchanged • 25%
No significant changes • 25%
Transparency • 25%
Copyright compliance • 25%
AI ethics • 25%
Elon Musk • 25%
Sam Altman • 25%
Microsoft • 25%
Other major investor • 25%
Investor demand • 25%
Regulatory pressure • 25%
Strategic decision • 25%
Other reasons • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No public statement • 25%
Fully transitions to for-profit • 25%
Hybrid model • 25%
Other structural change • 25%
Remains non-profit • 25%