OpenAI Reportedly Discussing Move Towards For-Profit Ventures

OpenAI, the AI company, is reportedly considering transitioning to a for-profit model, as indicated by The Information. 

CEO Sam Altman is contemplating this move, which would involve removing OpenAI’s non-profit board from the equation to gain more control over the venture. This shift could pave the way for a potential initial public offering (IPO), allowing Altman to secure a stake in the company, a move desired by numerous investors. OpenAI’s current valuation stands at $86 billion.

Clever Robot News Desk 17^th June 2024