"Exclusive News" OpenAI's core business will be restructured into a for-profit company, and the CEO will receive shares -- News
I'm PortAI, I can summarize articles.
OpenAI plans to restructure its core business into a for-profit benefit corporation, with CEO Altman receiving equity for the first time. This move aims to attract investors, with the company's value expected to reach $150 billion. The non-profit entity will continue to exist, holding a minority stake in the for-profit entity. The restructuring may impact the governance of artificial intelligence risks. A specific timetable has not been determined yet and is still under discussion with lawyers and shareholders
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments