OpenAI’s $40bn Funding Round Faces Potential $10bn Reduction If It Fails to Restructure Into A For-Profit By Dec. 31

OpenAI’s ambitious $40 billion private funding round faces a potential reduction of $10 billion if the company fails to restructure into a for-profit entity by December 31. The funding round, which was initially expected to bring OpenAI’s valuation to $300 billion, could shrink to $30 billion, according to a source familiar with the deal. SoftBank, [...]The post OpenAI’s $40bn Funding Round Faces Potential $10bn Reduction If It Fails to Restructure Into A For-Profit By Dec. 31 appeared first on Tekedia.

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