OpenAI considers turning into a for-profit company, paving the way for an IPO
According to sources cited by the Information , CEO of OpenAI, Sam Altman, recently told some shareholders that the company is considering changing its governance structure to become a profitable company similar to competitors Anthropic and xAI, and will no longer be controlled by non-profit directors of OpenAI. This change may open the door for OpenAI to eventually go public, with its current valuation reaching $86 billion. Additionally, this will also result in Altman holding company shares, with some investors currently pushing for this move.
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