OpenAI may transition to for-profit model, considering IPO valued at $86 billion

From PYMNTS.: 2024-06-16 20:45:00

OpenAI, a nonprofit, may become a for-profit company, possibly gearing up for an IPO valued at $86 billion. The firm doubled its revenue in the last six months and expanded its lobbying department amid regulatory scrutiny. OpenAI is collaborating with Apple to boost Siri and writing tools using advanced AI capabilities.



Read more at PYMNTS.: OpenAI Could Become a For-Profit Business