Investors require that OpenAI must transform into a for - profit company by the end of the year. Otherwise, only half of the $40 billion investment can be obtained. Media reports say that OpenAI, one of the leaders in artificial intelligence, is finalizing a financing deal worth $40 billion, which will be the...

Investors Require OpenAI to Transform into a For - profit Company by the End of the Year, Otherwise Only Half of the $40 Billion Investment Can Be Obtained. Media Reports that One of the Leaders in Artificial Intelligence, OpenAI, is Finalizing a $40 Billion Financing Deal...

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Telegraph
Investors Require OpenAI to Transform into a For - profit Company by the End of the Year, Otherwise Only Half of the $40 Billion Investment Can Be Obtained. Media Reports that One of the Leaders in Artificial Intelligence, OpenAI, is...

Investors require OpenAI to transform into a for - profit company by the end of the year, otherwise only half of the $40 billion investment can be obtained. Media reports that one of the leaders in artificial intelligence, OpenAI, is finalizing a financing deal worth $40 billion, which will be one of the largest startup financing deals in history. However, according to the Wall Street Journal, this financing deal requires OpenAI to successfully transform into an independent for - profit company by the end of the year in order to obtain all the funds. Otherwise, its major investor, SoftBank, will have the right to reduce the scale of this round of financing to $20 billion. Analysts believe that this financing condition has put more pressure on the ongoing restructuring negotiations of OpenAI. The restructuring not only requires the approval of its largest shareholder, Microsoft, but also...