OpenAI is considering turning into a for-profit company

According to a media report, the AI ​​pioneer OpenAI is facing a fundamental restructuring. The ChatGPT inventor hold initial discussions with the California Attorney General about converting to a for-profit companythe Bloomberg agency reported on Monday, citing two people familiar with the matter.

OpenAI and the California Department of Justice did not initially respond to inquiries from the Reuters news agency.

Reuters reported in September that the Microsoft-Partner is working to restructure its core business into a for-profit company no longer governed by its nonprofit board. However, the nonprofit OpenAI would remain in place and hold a minority stake in the for-profit company, people familiar with the matter told Reuters at the time.

The move would become a nonprofit for 2015 Research laboratory for artificial intelligence (AI) founded companies mean a drastic turnaround in the management structure. However, it would be the start-up of Sam Altman make it more attractive to investors: Last month, the ChatGPT maker closed a $6.6 billion (€6.05 billion) funding round, valuing the company at $157 billion and strengthening its position as one of the most valuable private company in the world was consolidated.