Altman called the current scheme “confusing” and even “unusual,” and admitted that the company had already outgrown it. writes Fortune. In addition, external investors such as Microsoft invest billions of dollars in the commercial direction, so it makes sense to build a new corporate structure. He did not specify the details of this structure.
Rumors of a restructuring emerged after reports that Altman intended to reassure investors who would be more comfortable working with a commercial entity, similar to most other large tech companies.
And since the company is in the process of attracting new funds and hopes to a $150 billion valuation, the nonprofit structure is becoming increasingly unwieldy. For investors, the change means a more certain potential return on their investment.
Still, Altman emphasizes, “We remain focused on building AI that benefits everyone, and we are working with our board to ensure we are best positioned to succeed in our mission. At the core of that mission is a nonprofit, and that will continue to be the case.”
Cover photo: Unsplash
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Source: rb.ru
