OpenAI plans to become a profitable company similar to Anthropic and xAI, or pave the way for an IPO
Odaily-Newsflash2024/06/15 00:41
By:Odaily-Newsflash
Odaily News According to people familiar with the matter, OpenAI CEO Sam Altman recently told some shareholders that the company is considering changing its management structure to become a for-profit company similar to its competitors Anthropic and xAI, and reducing its ties to its non-profit parent. Before Microsofts investment, OpenAIs non-profit organization contributed more capital than other shareholders. Such a change could open the door for OpenAI to eventually go public, and its current valuation has reached $86 billion. In addition, this will also give Altman the opportunity to hold shares in the company, and some investors are also pushing for this move. Last year, OpenAI employees sold more than $800 million worth of stock. (The Information)
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