💨 Abstract

OpenAI, an AI pioneer founded in 2015 as a non-profit, is in early discussions with California's attorney general to become a for-profit business, making it more attractive to investors. This change would not affect the existing non-profit entity, which will retain a minority stake in the new for-profit company. The shift follows a $6.6 billion funding round closed last month, potentially valuing the company at $157 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖