OpenAI’s huge valuation contingent on upending corporate structure

MacDailyNews
Sep 17, 2024, 8:58 am267 pts
OpenAI’s upcoming funding round is likely to be structured as convertible notes, Reuters reports citing sources familiar with the matter. The company’s $150 billion valuation is contingent on its ability to restructure its corporate structure and remove a profit cap for investors. This move aims to attract…

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