Official announcements from OpenAI or the partner companies, or verified news sources

OpenAI Eyes $100 Billion Valuation with Corporate Restructure to Lift Profit Restrictions

Sep 3, 2024, 07:59 AM

OpenAI is considering a significant corporate restructuring to remove profit restrictions and attract more financial investors. This move is part of a broader strategy to solidify its leadership in the artificial intelligence (AI) industry amidst a funding surge. The company is reportedly engaging in talks to overhaul its complex nonprofit structure, aiming for a $100 billion valuation push. This restructuring effort is expected to make OpenAI more appealing to major investors, including tech giants like Apple and Nvidia. Additionally, OpenAI is giving developers more control over AI assistants, further enhancing its competitive edge in the rapidly evolving AI landscape.