In a bold move to secure its $150 billion valuation, OpenAI is reportedly preparing to secure its latest financing round through convertible notes, according to sources familiar with the matter. This massive valuation is contingent upon the company successfully revamping its corporate framework and lifting the profit cap imposed on its investors.
The details of the $6.5 billion funding round, which have just emerged, reveal a significant shift in OpenAI’s approach. Once a research-focused non-profit, OpenAI has transformed into the world’s most valuable AI startup, willing to make substantial structural adjustments to attract further investment. These changes are crucial as the company continues its costly quest to develop artificial general intelligence (AGI), an AI that exceeds human cognitive abilities.
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