Report from The New York Times indicates that besides the upcoming new funding round for OpenAI that may involve Apple and NVIDIA as investors, OpenAI is also planning to restructure its company, aiming to be more investor-friendly without revealing specific details.
OpenAI has a unique company structure compared to traditional companies as it was initially founded with a non-profit objective. However, it was realized that developing artificial general intelligence (AGI) requires substantial funds, leading to the adjustment of the structure to accommodate investments from for-profit entities with limited returns. Investors will receive returns based on agreed-upon terms, with excess profits being reinvested back into OpenAI as capital for its operations.
This news report coincided with the appointment of a new high-ranking executive, Chris Lehane, as the Deputy Head of Global Policy. Lehane has previously held similar positions at Airbnb and during the administration of President Bill Clinton.
OpenAI’s spokesperson mentioned that the company is currently undergoing organizational restructuring in its government relations department to adapt to future changes.
TLDR: OpenAI is preparing for a new funding round with potential investors like Apple and NVIDIA, along with restructuring its company to be more investor-friendly, appointing Chris Lehane to a senior position, and adjusting its organizational structure for future developments.
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