OpenAI Considers Changes to Its Corporate Structure: FT

Aug. 30, 2024, 6:22 PM UTC

OpenAI is in talks about changing its corporate structure to become more investor-friendly, as it pushes ahead with a multibillion-dollar fundraise and looks to retain its lead over Google and other rivals, the Financial Times reports.

  • The artificial intelligence start-up has spoken to investors about restructuring itself, the FT says, citing three people involved in those conversations
  • Although a final form has not been agreed, it would likely be more attractive to financial backers by seeking to simplify the company’s current complex non-profit structure, the people told the news outlet
  • Nvidia, Apple, Microsoft and Thrive declined to comment to the ...

Learn more about Bloomberg Government or Log In to keep reading:

See Breaking News in Context

Providing news, analysis, data and opportunity insights.

Already a subscriber?

Log in to keep reading or access research tools and resources.