Sources: OpenAI is in discussions about changing its corporate structure to become more investor-friendly, including removing a cap on profits for investors
everyone involved knows it doesn't have to Assad Jafri / CryptoSlate : OpenAI mulls dropping profit restrictions ahead of $100 billion valuation push Maria Deutscher / SiliconANGLE : OpenAI could reportedly change its corporate structure PYMNTS.com : Report: OpenAI Considers Making Corporate Structure More Attractive to Investors Ramish Zafar / Wccftech : OpenAI Considering Removing Cap On Profits For Investors - Report Tristan Greene / Cointelegraph : OpenAI to expand ‘capped for-profit’ status to woo whale investors: Report Rebecca Szkutak / TechCrunch : Investors are already valuing OpenAI at over $100B on the secondaries market Shivani Tanna / Reuters : OpenAI names political veteran Lehane as head of global policy, NYT reports X: Reid Southen / @rahll : “It would be wise to view any investment in OpenAI Global, LLC in the spirit of a donation.” Oh yeah, those investors are cooked. Alex Hanna / @alexhanna : When did OpenAI add this hilarious disclaimer to their website? They basically see the writing on the wall for their bubble popping and want some modicum of covering their asses. https://openai.com/... [image] Ed Zitron / @edzitron : Yeah I'm sorry OpenAI is a farce lol https://www.ft.com/... [image] @balancecrafting : Basically speedrunning Big Tech's multi-decade moral arc from “don't be evil” to “greed is good.” g/acc @buccocapital : lol. lmao even [image] Dare Obasanjo / @carnage4life : OpenAI is planning to update its corporate structure from a non-profit to a for-profit to make itself more attractive for a new funding round valuing it at over $100B with Nvidia, Apple and Microsoft as potential investors. This is the most predictable tech story of the year. [image] George Hammond / @georgenhammond : Scoop w/ @madhumita29: OpenAI is discussing changing its corporate structure with investors as it looks to raise $bns more. In the current structure, investors are advised: “It would be wise to view any investment in OpenAI in the spirit of a donation” https://www.ft.com/... @modestproposal1 : Could see how it might be problematic trying to fund $100B training runs in the spirit of donations @modestproposal1 : “Investors are currently required to sign up to an operating agreement that states: “It would be wise to view any investment in [OpenAI's for-profit subsidiary] in the spirit of a donation” and that OpenAI “may never make a profit”