OpenAI in Talks to Become For-Profit Company With California Regulators
Nov 05, 2024 - news.bensbites.com
OpenAI, a $157 billion company, is making strides towards transitioning from a non-profit to a for-profit structure. The company is in the preliminary stages of discussions with regulators, including early talks with the California attorney general's office, about the process of changing its corporate structure.
The transition process is expected to involve regulatory scrutiny of how OpenAI values its portfolio of highly lucrative intellectual property, including its ChatGPT app. The discussions are still in the early stages, according to sources familiar with the matter.
Key takeaways:
OpenAI is making progress in its efforts to transition from a non-profit to a for-profit business structure.
The company is in preliminary discussions with regulators about this change.
These early talks are taking place with the California attorney general's office.
The process will likely involve regulatory scrutiny of how OpenAI values its portfolio of intellectual property, including its ChatGPT app.
