OpenAI's corporate structure may change next year, bringing it closer to a traditional for-profit company

PANews reported on September 15 that according to TechCrunch, OpenAI plans to change its complex corporate structure. Its co-founder and CEO Sam Altman told employees at a company-wide meeting that OpenAI's structure is likely to change next year to make it closer to a traditional for-profit enterprise. Under OpenAI's current structure, its for-profit department is controlled by a non-profit organization, which seems to disappoint investors. Earlier this week, it was reported that the company was negotiating to raise $6.5 billion at a pre-investment valuation of $150 billion. According to Reuters, the deal will depend on whether OpenAI can restructure and remove the profit cap for investors.