OpenAI Says It Needs More Money as the ChatGPT Maker Moves Toward For-Profit Structure

Key TakeawaysArtificial intelligence startup OpenAI said it needs to raise more capital than expected, and laid out plans for transitioning toward a for-profit structure next year. The ChatGPT maker said its existing for-profit division will become a corporation with ordinary shares of stock.It plans to maintain a non-profit arm that will undertake charitable initiatives. Artificial intelligence (AI) startup OpenAI said Friday it needs to raise more money than expected to meet its goals, and laid out plans ...