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OpenAI is reportedly going all-in as a for-profit company
CEO Sam Altman could axe the "unusual" structure.
OpenAI may be overhauling its complex nonprofit structure in favor of a traditional for-profit push in 2025, the key to a potential $150 billion valuation as the AI leader veers down a similar profit-seeking path to that of its Silicon Valley peers. Last month, Apple was rumored to be investing in the AI startup, joining other big backers like Microsoft in what would inform the more than $100 billion valuation. According to a Reuters report from the same day as the Fortune story, anonymous sources said investors are making capital injections contingent on OpenAI abandoning its profit cap, which may require the non-profit controlling entity to be changed or abolished.
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