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OpenAI CEO Says Company Could Become a For-Profit Corporation Like xAI, Anthropic

Wednesday The Information reported that OpenAI had doubled its annualized revenue — a measure of the previous month's revenue multiplied by 12 — in the last six months. It's now $3.4 billion (which is up from around $1 billion last summer, notes Engadget). And now an anonymous reade...

And now an anonymous reader shares a new report from The Information: OpenAI CEO Sam Altman recently told some shareholders that the artificial intelligence developer is considering changing its governance structure to a for-profit business that OpenAI's nonprofit board doesn't control, according to a person who heard the comments. Such a change could open the door to an eventual initial public offering of OpenAI, which currently sports a private valuation of $86 billion, and may give Altman an opportunity to take a stake in the fast-growing company, a move some investors have been pushing. More from Reuters: The restructuring discussions are fluid and Altman and his fellow directors could ultimately decide to take a different approach, The Information added.

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