What you need to know
- OpenAI recently raised $6.6 billion in its latest round of funding from investors, including Microsoft and NVIDIA, after bankruptcy reports and projections of making a $5 billion loss within the next few months.
- The ChatGPT maker is reportedly restructuring its business model to a for-profit entity to keep hostile takeovers and outsider interference at bay.
- The AI firm reportedly needs to transition into a for-profit company or risk refunding the money raised by investors in two years.
- A separate report suggests Microsoft could acquire OpenAI within the next three years as the AI hype fades and investors channel their money elsewhere.
