Web3
December 26, 2024 11:14 PM
According to a report by The Information, OpenAI is preparing to shift from its current non-profit structure to a for-profit company. Microsoft, as a major investor with over $13 billion in funding commitments, has emerged as a central figure in this transformation.
Discussions between OpenAI and Microsoft, ongoing since October, focus on several critical issues:
The transformation is also under time pressure. If OpenAI fails to complete the process within two years, investors are entitled to recoup $7.2 billion plus interest, adding urgency to the restructuring.
Additionally, OpenAI plans to buy back employee stocks after the shift, further incentivizing employees to push for a swift resolution.
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